Archive for October, 2008
How can GM become profitable again?
By Stealthy at 28 October, 2008, 8:14 pm
I saw in the headlines today that GM is asking for $10 BILLION in government aid to merge with Chrysler. Seems like this country is getting more socialistic everyday. It’s not the governments place to fund acquisitions or to bail out companies because they cannot compete with the world.
I know people come back […]
Overdraft Charges, What’s the big fuss?
By Stealthy at 20 October, 2008, 11:44 pm
Just the other day when surfing ripoffreport.com I came across a complaint about overdraft charges. I then searched the site to see how many complaints there were about overdraft charges. THERE WERE 855 MATCHES IN THE SEARCH! I scanned through some of the headlines and not all are exactly about overdrafts, but a good many […]
Read More >>Major Consumer Lending Laws & Regulations
By Stealthy at 18 October, 2008, 12:24 pm
Below are some of the most important consumer lending laws to be passed.
1934 - Securities & Exchange Act, FRS Regulations T, U, X
1968 - Truth in Lending Act (TILA), FRS Regulation Z
1971 - Fair Credit Reporting Act (amended by the FACT Act, 2003)
1973 - Flood Disaster Protection Act
1974 - Real Estate Settlement Procedures Act (RESPA), […]
Federal Reserve System Regulations
By Stealthy at 18 October, 2008, 12:04 pm
Below are the Federal Reserve System’s Regulations from “A to FF”. If you want a description of each you can click here and go to the FRB website.
A - Extensions of Credit by Federal Reserve Banks
B - Equal Credit Opportunity
C - Home Mortgage Disclosure
D - Reserve Requirements of Depository Institutions
E - Electronic Funds Transfer
F […]
