It’s not quite that simple, but new research from University of California, Berkeley shows that wealthy folks aren’t as ethical as the rest of us. Using a variety of tests (e.g. measuring how often drivers of luxury cars cut off people compared to other drivers) they found a clear correlation between wealth and rude, immoral, …
Month: February 2012
Government Targets Debt Collectors, Credit Bureaus
A new draft rule proposed today would allow the Consumer Financial Protection Bureau to supervise the largest consumer credit reporting agencies and debt collection companies in the same manner that the government supervises big banks. The director of the agency, Richard Cordray, issued a statement explaining the move, which is by most accounts the most …
Prepaid Debit Cards May Be a Good Play
Prepaid debit cards are hot right now, with all manner of celebrities attaching their name to what can often be a very questionable financial product. But despite the bad rap that prepaid debit cards have, they do serve a purpose for people who want to stop being debt broke and get out of credit card …