loans

Greenspan Says U.S. Economy Is Likely in a 'Pause'

Former Federal Reserve Chairman Alan Greenspan said that the recent slowdown in economic indicators is most likely temporary. "It%u2019s more than likely a pause in the usual cyclical pattern," Greenspan said in an interview with CNBC.

European Central Bank Keeps Rates Low

It may be because of the slowing European economy, the drive for austerity by the continent's national governments, or planned tax increases. But whatever the reasons, the European Central Bank said Thursday it would hold its benchmark interest rate steady at 1%.

Sam's Club Testing Small-Business Loan Program

Sam's Club and Superior Financial Group are testing an online program to offer loans of $5,000 to $25,000 to qualified members, Sam's Club said in a statement. Sam%u2019s Club and Superior Financial Group are testing an online program to offer loans of $5,000 to $25,000 to qualified members, Sam%u2019s Club said in a statement.

Son's Death Leaves Couple With $81,000 in Student Loans

Ralph and Joan Grande of Barnegat, New Jersey, thought they were helping their son Vincent and making a prudent decision when they co-signed on $81,000 in student loans for him so that he could attend Monmouth University. Then last November, Vincent was killed in a car accident at the age of 25. He had been studying to become a stock broker.

Now Hungary's Debt Woes Are Rattling Global Markets

Hungary became the latest member the club of countries on the economic brink Friday after its newly elected government said it might default on its debts. Investors battered European stocks and Hungary's currency, the forint, and pushed the euro below $1.20 for the first time in four years.

Fed Must Reveal Bailout Loan Data, Court Says

The Federal Reserve must reveal documents identifying financial companies that received Fed loans to survive the financial crisis, a federal appeals court ruled Friday. A panel of the 2nd U.S. Circuit Court of Appeals in Manhattan said in two separate opinions that such information isn't automatically exempt from requests under the Freedom of Information Act. News Corp.'s Fox News Network LLC and Bloomberg L.P. sued separately for details about loans that commercial banks and Wall Street firms received and the collateral they put up. Other news agencies including The Associated Press filed briefs with the appellate court in their support.

Five Potential Potholes on Road to Recovery

News that business inventories and industrial production are rising suggests the U.S. economic recovery is on track. But unlike previous recessions, there are five potential "potholes" in the road ahead. Declining employment and increasing commercial real estate foreclosures are two possible biggies.

Mortgage payoff pitch is no panacea

Someone recently sent WalletPop a press release detailing what claimed to be one of those "eliminate your debt" strategies. This one hinges on...