Participate In Upcoming National Financial Capability Challenge

I received this email recently about the upcoming National Financial Capability Challenge which is geared toward high school students (hmm…why not expand the program to include college students also?): "In December 2009, Treasury Secretary Tim Geithner and Education Secretary Arne Duncan announced the National Financial Capability Challenge.<http://challenge.treas.gov/index.htm> They said that along with getting the economy [...]

Pertuity Direct to Launch Person-to-Person (P2P) Lending Service

“> Last September, we wrote about the launch of Washington D.C.-based Pertuity Direct. At the time, the startup was showing some interesting social-personal finance tools such as Dare to Compare, which allowed users to compare their financial situation to their… View full post on Search Results for auto loan No Tag

Strayer Education on Outlook for Regulation of For-Profit Education Sector

Excerpts from Strayer Education's 4Q conference call (thanks to Seeking Alpha) held earlier today: On the issue of gainful employment and its potential impact on Strayer: "Sure. Well, I mean, I think my first comment is, I don’t really have a lot of specific comments on the department’s proposals at this point because — I [...]

Zopa to Close U.S. Operation

Article updated at 2 PM Pacific with quote from one of Zopa’s partner CUs, Affinity Plus.  Zopa’s U.S. social deposit/lending site will be shuttered, just 10 months after its launch (see previous coverage here). The site, which delivered loan applications… View full post on Search Results for auto loan No Tag

Highlights of Sallie Mae Investor Meeting at Credit Suisse Conference

Here are some of the insights gleaned from their investor meeting yesterday (Credit Suisse Financial Services Forum):  See potential opportunity for four servicers awarded Direct Loan contract to service ACS's portfolio (ACS is prior DL servicer referred to below):  "…potential to migrate loans that are serviced by prior loan servicer for Dept. of Ed. over [...]

E-Loan to Stop Direct Mortgage Lending but Will Maintain Loan Portal/Referral Business

In the early commercial Web era (1995 to 1998), five financial startups inspired me in terms of their innovative products and services:  E-Loan for mortgage E*Trade for stock brokerage Netbank for deposit-taking NextCard for credit cards LendingTree for lead… View full post on Search Results for auto loan Related Blogs Related Blogs on Business Commentary [...]

Elizabeth Warren Argues For Consumer Protection Agency in WSJ Editorial

I meant to include this earlier in the week (this editorial appeared on Monday).  The principal reason given by Warren, the chair of the TARP oversight panel, for the need for regulation:  the lack of trust that folks have in financial institutions.  Here is a sampling: "Banks and brokers have sold deceptive mortgages for more [...]

NASFAA Provides Dept. of Education Update on Self-Certification Form

I  wrote yesterday about the impending February 14th implementation date for the new Federal Reserve disclosure requirements and self-certification form and wondering when the Department of Education would have their final revisions of the form completed.  This morning, NASFAA News provided some clarity on this issues based on information they received from the Department: NASFAA [...]

Chase Bank Offers to Lower Auto Payments by $44

It's a sign of the times. Instead of creating interest in auto loans by showing a sexy new convertible on a windy seaside road, Chase offers to help customers stay in their same vehicle with a lower monthly payment… View full post on Search Results for auto loan No Tag

Toromont Announces Results for the Fourth Quarter and Full Year 2009

Toromont Announces Results for the Fourth Quarter and Full Year 2009 TORONTO, ONTARIO–(Marketwire – Feb. 8, 2010) – Toromont Industries Ltd. (TSX:TIH) today reported financial results for the fourth quarter and full year ended December 31, 2009. Revenues declined 26% from the records set in the fourth quarter of 2008, reflecting weaker economic conditions. Earnings per [...]