In 2003, congress passed a law for Fair and Accurate Credit Transactions entitled Financial Literacy and Education Improvement. This law called for the establishment of the Financial Literacy and Education Commission. The Commission established and sponsors/hosts the website www.mymoney.gov. This website is essentially an index or a collection of links to other Departmental websites containing […] (more…)
In 2003, congress passed a law for Fair and Accurate Credit Transactions entitled Financial Literacy and Education Improvement. This law called for the establishment of the Financial Literacy and Education Commission. The Commission established and sponsors/hosts the website www.mymoney.gov. This website is essentially an index or a collection of links to other Departmental websites containing […] (more…)
The current mortgage crisis did not begin when the subprime lenders began to announce that they were facing financial difficulties due to a surge in defaults. It didn?t begin when Greenspan was discussing the housing market ?conundrum?. It wasn?t caused by the real estate ?bubble? popping. It wasn?t terrorists, the war in Iraq, inflation or […] (more…)
For the last several months, I have been talking with a number of consultants, industry experts, legislators, regulatory agencies and members of Congress about the current credit crisis. With the hope of providing you with a better understanding of the crisis, how it?s progressing, how it could affect you and resources that are available to […] (more…)
