Senate Republicans add three to Finance panel

    December 18th, 2014

    “With the addition of these three Senators, the Republican side of this committee will only be stronger, and I am confident we’ll be able to work with our counterparts on the other side of the aisle to help drive a robust agenda to meet the demands of the American people, Hatch said.

    Republicans, who are set to take control of the Senate and Congress with a 54-46 advantage, have a two-seat edge on the the committee with 14 seats to 12.

    The Finance Committee has long been at the center of every major economic debate, Hatch said.

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    Memories of financial crisis fading as risks rise

    December 18th, 2014

    WASHINGTON (AP) — Six years after the collapse of Lehman Brothers, the lessons of the financial crisis may already be fading from collective memory.

    Just last week:

    – Congress acted to loosen the regulation of the high-risk investments that ignited the 2008 crisis.

    – Housing regulators cut minimum down payments on home loans.

    – The Institute of International Finance declared it worrisome that global indebtedness, as a share of world economic output, has reached record levels.

    All this comes as subprime auto loans for financially stretched buyers are surging. And the so-called too-big-to-fail banks that needed a taxpayer bailout in 2008...

    People Fixated On Credit Scores Are Missing The Point

    December 18th, 2014

    If youre fixated on your 750-plus credit score simply because of its proximity to the perfect score of 850, youre missing the larger point. 

    Its not awareness of the numbers themselves that matters, Credit Karma CEO and founder Ken Lin tells Business Insider. Its the promise those numbers can hold.

    Just having access to your credit score or your report doesnt really make your life better, Lin explains. But being able to go to school because you can get a student loan or being able to buy a house, thats really the goal. Were trying to build a technology and a site that will help consumers do more of that.

    Lin makes the good point that credit scores, which were created...

    Germany says it will help finance four new Israeli warships

    December 18th, 2014

    BERLIN – Germany plans to finance part of the cost of four new corvette warships for the Israeli navy made by German firm Thyssen Krupp under a deal struck with the Jewish state in November, the government said on Monday.

    Following approval by German parliaments budget committee the contract could be finalized before the end of this year, government spokesman Steffen Seibert said.

    As part of its atonement for the Nazi Holocaust, Germany is committed to Israels security and has often helped pay for the cost of military equipment such as submarines.

    The mass-circulation Bild am Sonntag newspaper reported on Sunday that Berlin had earmarked...

    Credit Score 101 ensures better financial future

    December 17th, 2014

    You probably carry around credit cards or took out a loan for a major purchase at least once. As a result, you also carry around a credit score – a nebulous number you definitely cant take for granted. Here are some common facts about credit scores and ideas of how to give yours a turbo boost.

    The most commonly used credit score comes from the Fair Isaac Corp. (FICO) and is vital to your financial health. FICO bases scores on such areas as your payment history, current debt, types of credit used, length of credit history and new credit. According to the companys measure, scientific analysis and calculation, the highest score is 850.

    Congratulations if you are at that level....

    Do You Make $350 Per Week? Instant Approval, Bad Credit Auto Loans are …

    December 17th, 2014

    The bad credit auto lender, Complete Auto Loans, is now offering instant approval loans to shoppers that make $350 per week.

    Seattle, WA (PRWEB) December 11, 2014

    Getting an auto loan is easier than ever with the help of Complete Auto Loans. Shoppers that make at least $350 per week can instant qualify for a loan up to $35,000. Between now and the end of the year, is the perfect time to buy a new car. Dealerships are making room for new models and clearing out inventory for the New Year, increasing discounts to encourage buyers. – 60 second application form

    Once applicants fill out the 60-second online application,...

    Is the CFPB Overestimating Racial Bias in Auto Loans?

    December 17th, 2014

    Bad Credit, No Money Down Auto Loans Available Just In Time for the Holidays …

    December 17th, 2014

    Whether you have good, bad, or no credit history, Complete Auto Loans, is offering instant approval auto loans to all US residents.

    Seattle, WA (PRWEB) December 13, 2014

    The holidays are here and many people need or want a new car before the New Year. This is the perfect time to take advantage of the online auto lenders end of year offers. Complete Auto Loans is now offering no credit check auto loans. – Get approved for a car loan in as little as 60 seconds.

    In as little as 60-seconds, applicants can receive auto loans up to $35,000. The only requirement for US residents to qualify is they must make at least...

    3% Down Payments Are Back–And They Pose No New Risk To The Market

    December 17th, 2014

    Fannie Mae and Freddie Mac announced this week that they will now back mortgages with just three percent down payments.  That means banks, mortgage lenders, and other loan originators will be able to lend more freely to first-time home buyers and others with limited savings but appropriate incomes and credit scores to buy a home.

    Real estate and mortgage professionals are encouraged by the change.  Some observers are concerned that this leads us to an environment like the one that caused the mortgage meltdown nearly a decade ago.  Lets get specific as to whether down payments or credit scores really impact default rates.

    Borrower Default Rates in 2001, 2004, 2007,...

    Top Resume Strategies For New Grads In Finance

    December 17th, 2014

    Your resume is the key to getting that first great job opportunity fresh out of college. You’re probably already well aware of the stiff competition in the job market for finance jobs.

    With insight from experts and employers in the world of finance, we’ve developed some tips to help your resume stand out from all the others.

    Make It Easy on the Eyes

    Employers receive hundreds, sometimes thousands of applications for each open position in finance, so you can only imagine how tired their eyes get. In the average of six seconds a recruiter spends scanning your resume, it needs to deliver your educational background and highlight how your accomplishments fit the job.