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  • The day American shoppers lose their minds for moderately awesome, limited supply discounting is upon us! Black Friday is here, and some of the largest retailers across the country are following the annoyingly disturbing trend of opening their doors even earlier this year than the last.
  • The second round of open enrollment for Obamacare begins today, allowing those who didn't obtain health insurance last year the opportunity to get covered. If you are one of those individuals who didn't get health insurance during the first open enrollment, or if you are like me and want to search for new options, you have until February 15, 2015 to make your decision.
  • President Obama's deal with China to dramatically cut greenhouse gas emissions may go down as one of his lasting legacies once everything is said and done with his Administration. The deal, which was announced at a joint press conference, set far reaching goals of reducing carbon emissions that surprised most everyone over how much the two countries agreed to cut.
  • We have seen this story play out in countless midterm elections before. Members of the party the President belongs to run as far away from him as possible and members of the opposition try to tie members of the President's party to him at every turn.
  • Walmart, our nation's largest retailer, is cutting some 30,000 part-time employee's health care benefits, due to the rising costs for the company.
  • The instant access, video streaming juggernaut Netflix makes this claim on their YouTube homepage about their recent commitment and success with offering original content to subscribers: Netflix original series - The Future of Television is Here.
  • There has been a lot of talk about the FCC destroying net neutrality. How former lobbyists and council of Verizon and Comcast have made their way on to the board of the FCC and how they have started enacting policy to make net neutrality a thing of the past.
  • There is a lot of discussion (and confusion) over Internet Neutrality, or 'net neutrality' as it was coined back in 2003 by Columbia media law professor Tim Wu.
  • On Wednesday, Sen. Elizabeth Warren (D-Mass.) called on her colleagues in the Senate to reduce interest rates for Americans crushed by student loan debt, and pay for it by closing tax loopholes for the rich. Last summer, after a rancorous debate, Congress passed a law setting interest rates for new student loans for undergrads at 3.86 percent for the coming year. (Rates were set to double to 6.8 percent.) However, the legislation did not cut interest rates for those who took out the same type of loan before July 1 of last year. Americans who financed their education earlier than that are paying off debt with interest rates of 7, 8, or 9 percent. On Wednesday, Warren joined Sens. Dick Durbin (D-Ill.), Jack Reed (D-R.I.), and Kirsten Gillibrand (D-N.Y.
  • Target Corp said hackers have stolen data from up to 40 million credit and debit cards of shoppers who visited its stores during the first three weeks of the holiday season in the second-largest such breach reported by a U.S. retailer. In terms of the speed at which the hackers were able to access large numbers of credit cards, the data theft was unprecedented. The operation was carried out over just 19 days during the heart of the crucial Christmas holiday sales season: from the day before Thanksgiving to this past Sunday.
  • Target Corp. acknowledged early Thursday that there was a massive security breach of its customers' credit and debit card accounts starting the day before Thanksgiving and extending at least to Dec. 15 — the heart of the holiday shopping season. "Approximately 40 million credit and debit card accounts may have been impacted," the retailer said. The hacking involved not only Target-issued cards but those from other issuers as well. The size of the breach puts it in the upper echelon of recent hackings into consumers' payment accounts.
  • Target confirmed Thursday morning that it was investigating a security breach involving stolen credit card and debit card information for 40 million of its retail customers. In a statement, Target said that criminals gained access to its customer information on Nov. 27 — the day before Thanksgiving and just ahead of one of the busiest shopping days of the year — and maintained access through Dec. 15.
  • If you did some Christmas shopping at Target over the last few weeks, you’ll want to pay close attention to your credit card statements, as the retailer is dealing with a major data breach. Target is just now confirming the security breach that resulted in compromised credit card information, but some of the details are still missing. Here’s what we know so far, and what Target shoppers should be aware of:
  • Target was hit by a massive data breach involving millions of customers' credit and debit card information. The breach impacted customers who shopped in Target's U.S. stores between Nov. 27 and Dec. 15, according to Target.
  • Buy now, pay later offers on big purchases may sound great, especially when you are approved for a loan you might not have pay off over the years. However, Consumer Reports says you should be wary ...
  • The interest rate on government-backed student loans is going to double on Monday. Policymakers in Washington could not agree on a plan to keep it from happening. If they don't agree on a plan soon, 7 million students expected to take out new Stafford loans could be stuck with a much bigger bill.

Liberal Legislation that Affects the Credit & Loan Industry

DatePositive Result\BenefitLawRank
07/22/10Borrowers protected from bad loans with rules and penalties requiring that lenders verify that they are able to repay the loans that they issueWall Street Reform Act
07/22/10Consumer Financial Protection Bureau established to promote fairness and transparency for mortgages, credit cards, and other consumer financial productsWall Street Reform Act
07/22/10Risk in the financial system reduced with new SEC Office of Credit Ratings (OCR) to monitor credit rating agencies for conflict of interests & inaccuraciesWall Street Reform Act
05/20/09Mortgage lending businesses added to list of financial institutions subject to Federal criminal law in fraudulent lending practices Fraud Enforcement Act
05/20/09Lenders incentivized to reduce foreclosures by loss mitigation guarantees, compensation and lender protection from lawsuits by investors holding the loans Helping Families Save Their Homes
05/20/09Homeowners' foreclosures avoided by improved terms for loan modification and restructuring of their debt Helping Families Save Their Homes

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