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Democrats and Obama crush financial options for low-income families

By Steve McGough / January 3, 2011 /

In November, I wrote about how the payday loan industry is being regulated out of business as government know-it-alls determined they were bad for consumers. Regulating the industry took an option away from consumers in need, but as it turns out, the Dodd-Frank credit card reform legislation – effecting more traditional financial institutions – makes…

Houston drops idea to pay off personal debt

By Steve McGough / February 24, 2009 /

A proposal to hand out $3,000 to individuals who did not have  good enough credit score to qualify for mortgages has been crossed off the Houston city council agenda this week. The idea was to use the $3,000 to help individuals improve their credit score by a few points so they would qualify to buy…

Dodd Frank legislation created federal agency monitoring 75% of our credit card transactions

By Steve McGough / September 13, 2013 /

Excuse my blunt question. Why the hell does some federal government agency need to monitor and track the use of my credit card?

Testing McCain and Obama web sites – credit card fraud

By Steve McGough / February 14, 2009 /

After all of the activity concerning the Obama Web site and how it seems a bit “loose” in how it collects credit card donations, I’m taking one for the team and testing it myself. Author note: While I’m away from the computer, I’m republishing my top 20 posts from 2008 each afternoon. -Steve (by the…

Updated: Testing McCain and Obama web sites – credit card fraud

By Steve McGough / October 24, 2008 /

After all of the activity concerning the Obama Web site and how it seems a bit “loose” in how it collects credit card donations, I’m taking one for the team and testing it myself. But instead of just testing Obama’s site, I’m testing the McCain site too. Note that neither of the sites ask for…

Obama on the evils of credit cards

By Jim Vicevich / May 25, 2009 /

We used to say the company that gets a union deserves a union. On Friday the President outlined the reasons behind the new credit card legislation and I can’t say that I disagree with many of the things he says here … whacking people who pay on time with higher rates to boost profits may…

Expect new credit card fees now that Obama is involved

By Steve McGough / May 19, 2009 /

The Obama administration and many in Congress – including our good friend Sen. Chris Dodd (D-Conn.) – are pretty disgusted at the contracts that are in place between credit lenders and credit card holders. The exorbitant fees and interest rates are just too much, and the federal government is planning regulatory legislation to stomp out…

Mainstream media catching on to illegal Obama donations

By Steve McGough / February 6, 2009 / Comments Off on Mainstream media catching on to illegal Obama donations

Web site transaction security stuff has been standard operating procedures for years at just about every e-commerce site in business – except for the Obama campaign donation site. Late last week I tested both the McCain and Obama sites by trying to send $10 to each campaign using a real credit card number and expiration…

Mainstream media catching on to illegal Obama donations

By Steve McGough / October 29, 2008 /

Web site transaction security stuff has been standard operating procedures for years at just about every e-commerce site in business – except for the Obama campaign donation site. Late last week I tested both the McCain and Obama sites by trying to send $10 to each campaign using a real credit card number and expiration…

If You Can’t Afford It…

By Steve McGough / December 24, 2007 / Comments Off on If You Can’t Afford It…

The Hartford Courant – along with a bunch of other MSM outlets – released an AP news story detailing how more and more people are falling behind on their credit card debt. The value of credit card accounts at least 30 days late jumped 26 percent to $17.3 billion in October from a year earlier…