Credit Cards

10 tips to avoid credit card debt disaster in marriage

Lita Epstein Mar 19th 2010 @ 12:30PM EST Filed Under: Credit, Debt, Credit Cards

Money is the number one reason for fights in a marriage. In fact statistics show that 80% of divorced couples indicate that financial trouble was the primary reason for their divorce. So what can you do to avoid destroying your marriage with debt and financial worries?

The fact of the matter is few couples actually take the time to talk about money before the fights begin. Many of you probably grew up in a home where money was a deep dark secret. Your parents never talked about it calmly in front of the kids, but instead fought about money issues behind closed doors -- where they thought (or hoped) you wouldn't hear the fights.

Continue reading 10 tips to avoid credit card debt disaster in marriage

Dodd's new financial bill means Fed wins, consumers could lose

Lita Epstein Mar 15th 2010 @ 2:00PM EST Filed Under: Banks, Credit, Debt, In the News

Senate to vote on consumer finance protection measures

Senator Chris Dodd (D-Conn.) gave up trying to find a bipartisan compromise on the bill to overhaul the financial regulatory system and plans to introduce a new version of the bill on Monday. The House of Representatives passed a financial reform bill in December with a separate agency for consumer financial protection to be known as the Consumer Financial Protection Agency (CFPA).

Unfortunately Dodd does not think he can get a bill that includes a separate consumer financial agency passed in the Senate, especially now that the Democrats no longer have a 60-vote majority. So he's backing away from his earlier stance to weaken the Federal Reserve and plans to put a new division inside the Federal Reserve, which he says will have autonomy -- but will it be enough?

Continue reading Dodd's new financial bill means Fed wins, consumers could lose

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