With increased summer travel expected in 2015, national financial education nonprofit provides tips for how consumers can live without a car.

Boston, MA (PRWEB) June 19, 2015

The temperature is beginning to rise, and so are gas prices. After a long and often brutal winter, consumers are likely to take advantage of the nice weather this summer to go on road trips and travel the open roads. There are, however, ways to avoid being burdened by the expensive gas prices that come along with driving a car. As part of National Dump the Pump Day on June 19th, American Consumer Credit Counseling has developed smart and savvy ways to ditch your vehicle this summer.


The award is part of a $3.5 billion New Markets Tax Credit (NMTC) allocation authority package declared this week by the Treasury’s Community Development Financial Institutions Fund. USBCDE is one of only 76 community development entities among 263 applicants that received allocation authority.

CDEs use allocation authority to attract private sector investments in disadvantaged communities that lack access to the long-term investment needed to support and grow businesses and create jobs. The program is an efficient and effective mechanism for infusing up-front capital in areas that need it most.

In addition to being an efficient tool for driving capital to underserved markets,...

Discover Home Loans is closing its office in southwest Charlotte and will lay off 13 people starting August 15. One employee will stay with the company.

According to a notice filed this week with the state about the local office closure, the company said the job cuts are the result of “a corporate reorganization.” Earlier this week, Discover said it will close its mortgage unit, eliminating 460 jobs, or about 3 percent of its total workforce.

In an email to the Observer Thursday, Jon Drummond, Discover’s director of public relations, confirmed that the company’s actions are related to its announcement of the home loan business.

Discover bought...

During Friday’s Morning trade, Shares of Denbury Resources Inc. (NYSE:DNR), lost -1.98% to $6.43, as oil prices slipped on Friday but remained stuck in tight trading ranges as investors awaited the outcome of Iranian nuclear talks which could lead to a big enhance in Iranian crude exports.

The market also kept an eye on negotiations to try to avert a Greek debt default and avoid Greece’s exit from the euro, according to Reuters.

Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company primarily focuses on improved oil recovery utilizing carbon dioxide.

Shares of US Bancorp (NYSE:USB), inclined 0.60% to $44.57,...

Boston, MA (PRWEB) June 17, 2015

Fathers Day marks a very special day for families and friends to celebrate the significant role that their father, step-father, uncle or grandfather has in their lives. Since Fathers Day shopping can often pose a challenge, ACCC has come up with several creative ways to show appreciation for all that Dad does without going over budget.

Fathers Day is not all about buying the perfect gift or card, its about showing Dad how much you love and appreciate everything he has done for you, said Steven Trumble, President and CEO of Newton-based American Consumer Credit Counseling. There are plenty of ways to demonstrate your gratitude and thoughtfulness...

BUDAPEST, June 18 Hungarian bank KH, part of
Belgian bancassurer KBC Group, expects rising demand
for home loans due to pent-up demand, record-low interest rates
and a stronger economy, a top executive said on Thursday.

The bank expects the volume of home sales in Hungary to rise
to about 200,000 transactions this year, nearly double the
107,000 deals seen last year. That would bring the number of
home sales on a par with pre-crisis levels, KH said.

The stock of home loans has shrunk for years as repayments
outpaced new issuance, Deputy Chief Executive Agnes Baba told a
press briefing.

But since the market turned around last year, the loan

[Reuters] A unit of Minneapolis-based US Bancorp has agreed to pay $44.5 million to settle a class action brought by former customers of brokerage Peregrine Financial Group, which failed in 2012 after its funds were siphoned off in a long-running fraud. Disclosed on Thursday in a filing in an Illinois federal court, the proposed settlement resolves claims that the bank let Peregrines founder Russell Wasendorf Sr. treat an account set up for brokerage customer funds like a personal checking account, diverting money for himself and his other businesses. We are pleased to have reached a resolution regarding Peregrine Financial Group, US Bank spokesman Dana Ripley said in an emailed message.

You exercise to live longer. The longer you live, the more important money becomes. Heres how to use techniques for physical fitness to improve your financial health, too.

According to a recent TD Bank Fiscal Fit survey, seven out of 10 Americans feel that sound financial health improves overall health and well-being; an even greater proportion of respondents with financial plans believe this.

As many people focus on health and fitness (and probably increase their exercise tempo for the summer), many also delay pursuing financial goals. Maybe theyre unsure where to begin or think that the time and effort necessary will be overwhelming.

The sooner you invest both money...

Arkansas banks and credit unions have a history of offering some of the best credit card interest rates in the country.

As far back as the early 1990s, at least three Arkansas institutions had the lowest credit card rates in the nation — Simmons, First National Bank of Fayetteville and Arkansas Federal Savings Bank of Little Rock. All had cards with rates of 9.5 percent interest.

Rates have remained fairly consistent, and low, in Arkansas, said Greg McBride, chief financial analyst with Bankrate.com, an online publisher of financial rates.

The low Arkansas credit card interest rates are not a temporary phenomenon or a flash in the pan by any means, McBride said.


The US Supreme Court has left the door ajar to risky home loans. The justices on Thursday confirmed that even neutral housing policies can be illegal if they have a prejudicial effect. That keeps banks and other mortgage providers vulnerable to claims of unintentional bias. More bad lending practices, not less discrimination, could be the result.

The case involved the Fair Housing Act, a central piece of the landmark 1968 civil rights law. It prohibits, in part, discrimination against home-loan borrowers on the basis of factors like race, sex or disability.

Lower courts have said the law is broad enough to allow lawsuits that show financing practices have a discriminatory effect...