Personal Finance

Donald Trump Will Knock Down the Legacy of Elizabeth Warren Regarding Payday Advance Loan

Donald Trump Will Knock Down the Legacy of Elizabeth Warren Regarding Payday Advance Loan Elizabeth Warren, Massachusetts Sen., gave an impassioned speech at an invitation-only lunch organized by the AFL-CIO after the presidential election was conceded by Hillary Clinton. She praised the crticisms of President-elect Donald Trump about Wall Street and his promise to enhance infrastructure spending before pouncing on what it meant to rebuild the economy. Warren said that the Americans want the big banks to be held accountable, but that will not happen if they sack Dodd-Frank and the cops who have the responsibility of watching such banks like, CFPB (Consumer Financial Protection Bureau). According to her, if the Republican Party and Trump turn payday advance loan institutions and big banks loose, they will be gambling with their economy and bringing it all down. The kind of stance that will be taken by the Trump administration is quite unclear as of now, but he has struck populist chords, said that he wants to…
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Life

Presidential Appointment Powers Must be Limited Soon

By now, everyone pretty much agrees that President Obama overstepped his boundaries and constitutional authorization back on January 4th, 2012. Don’t remember what happened that day? It was when he gave the head of the Consumer Financial Bureau, Richard Cordray a recess appointment. All of this eventually led to recent, troubling events. Cordray, who despite his job title is still simply a private citizen, has issued lots of potentially game-changing decisions on the part of the CFPB. In the case of State National Bank of Big Springs v. Lew, the judge said that Cordray was able to wave around a “magic wand” to help retroactively make his actions the law of the land. So then, the decision to grant recess to Cordray, and to ultimately keep him in a place of artificially inflated authority, has eroded the Constitution’s very direct instructions that limit the appointment powers of the President of the United States and will likely set a precedent that future presidents will adhere to.…
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Personal Finance

Should you be in a Hurry to pay off Student Loan Debts?

While finishing college is a huge relief for people, there are other types of anxiety that start to set in once school is over with. Many graduates find themselves stressed out with the idea of finding a good job, which direction they should take their career in the future and most pressing for some is trying to come up with a way to pay off their huge student loans as quickly as possible. If you check out any type of social media site where former students sound off about their current issues, you’ll find hundreds of them posting about how worried they are that they won’t be able to pay off their student loan debt quickly. The Temptation to pay off Student Loans Immediately While no one likes the idea of paying off huge amounts of debt, graduates are usually very eager to whittle down their student loan debts almost as soon as they enter the full time work force. However, the temptation (some might…
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Personal Finance

Should you pay off ALL your Debts?

There are some people who believe that paying off all of their old debts is the ultimate financial achievement. Imagine getting rid of all your responsibilities to pay your creditors every month. That has to feel pretty darn good, right? But what does it mean to pay off all your debts in full? Some people approach debt from the moral side of things. These folks believe that for a debt to truly be paid in full, it must be paid back to the organization that your originally borrowed from. This, however, is not always possible. If a debt goes to collections or if a lending institution sells your account, there is really no way to meet this lofty moral obligation. The other side of paying off your debts is paying them off completely; meaning that you don’t owe a penny to any creditor or a particular creditor as the case may be. Again, this is not always possible, either. Some people wind up negotiating with…
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