Industry News
Breaking News: President signs homebuyers tax credit bill
President Obama today signed into law the bill extending the homebuyers tax credit through May 1st, 2010– a 6 month extension of the tax credit. The law provides an $8,000 tax credit for first-time homebuyers, and $6,500 for homebuyers who have owned their current home for at least 5 years. Contracts must be in place...
Breaking News: House votes to enact credit card reform immediately
The House voted today to hasten the enactment of fresh rules for credit card companies after constituents complained of a drastic rise in interest rates and steep new fees. The bill, approved 331-92, will force credit card companies to meet the terms of the new rules at once unless they agree to stop increasing interest rates...
Credit Freezes and Identity Theft
There’s been a lot of talk recently about identity theft. With identity theft rising 22% in 2008 over 2007, with an average cost of over $500 to repair the damage, being proactive it becoming more and more necessary. One option is a credit monitoring service that alerts you anytime there is a change in your...
Did Congress Include A Poison Bill in the Credit CARD Act?
By Eva Norlyk Smith, Ph.D. The Credit CARD Act signed into law in May of this year aimed to protect cardholders from unfair and abusive credit card practices. Unfortunately, as most all cardholders know first hand by now, credit card companies have been raising interest rates aggressively in advance of the enactment of the new law,...
Senate To Consider Extension of Home Purchase Tax Credit Through April
Senior Democrat and Republican leaders in the Senate went on record yesterday saying that they support the extension of the $8,000 first time home buyer tax credit. The tax credit is set to expire on November 30th, 2009. Senators are proposing extending the credit through April of 2010 since the mortgage sector has...
Pew Report Finds Deceptive Credit Card Practices Remain Widespread
Reprinted from The Pew Charitable Trusts Written by Kip Patrick Washington, DC – 10/28/2009 – One hundred percent of credit cards offered online by the leading bank card issuers continue to include practices that will be outlawed once legislation passed in May takes effect next year, according to a new report by the Pew Health Group’s Safe...
NCS partners with HomeownerToolbox.com
NCS is proud to announce that they have joined forces with HomeownerToolbox.com, the premier loan modification assistance provider in America. Company Overview Homeowner Toolbox, Inc. is a lifeline for homeowners looking for mortgage relief. The company, founded by experienced financial executives, offers a proven, FREE solution, as an alternative to hiring costly loan modification consultants. ...
House and Senate Consider Enforcing Credit Card Reform Sooner
The Democrats in Washington were busy patting each other on the back when they passed the credit card reform bill earlier this year. That quickly changed though when they realized that the reforms they passed were only inciting the credit card companies the raise interest rates, lower limits, and increase fees before the laws are...
Time is running out on the $8,000 home buyer’s tax credit
What’s that ticking sound? You’re probably hearing the clock counting down on the $8,000 tax credit for qualified home buyers. The tax credit, part of the American Recovery and Reinvestment Act of 2009, is set to expire Nov. 30, 2009. That means anyone who has never owned a home before or has not purchased a home...
New Credit Card Laws Are Not In Effect Until February
Consumers need to be especially vigilant about their credit cards for the next few months. I’m sure you’ve all heard that major regulatory changes were signed into law back in May, 2009 regarding how credit card companies can operate, but keep in mind the law does not go into effect until February, 2010. That means the credit...
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