Which Is True? The Consumer Financial Protection Bureau (CFPB) is an independent consumer and financial watchdog agency that offers advice to consumers and levies fines against financial institutions engaged in questionable practices.
The CFPB is an unchecked, poorly controlled agency that restricts the opportunity of financial institutions to operate within a free market and applies
The Economy
Much of Wall Street was pleased in June when all but two of the largest U.S. banks passed the so-called “stress test” applied by the Federal Reserve. What is this stress test, where does it come from, and why do the results matter to Wall Street?
The stress tests come from the Dodd-Frank legislation that
Donald Trump’s taxes and his net worth are subjects of great mystery and speculation, so why should his income be any different? Again, The Donald does not disappoint when it comes to controversy.
In his financial disclosures with the FEC in 2015, Donald Trump listed $362 million in income for 2014. In a press release
If you are a fan of HGTV, you may think that everybody is flipping homes for fun, profit, or both. Whether the inspiration comes from TV shows or rising home prices, new numbers from RealtyTrac suggest that home flipping activity is on a significant upward trend.
The RealtyTrac Year-End Home Flipping Report for 2015 shows
If you are closing in on retirement age, you are keenly interested in how the three remaining Presidential candidates — Donald Trump, Hillary Clinton, and Bernie Sanders — plan to deal with the fiscal challenges of Social Security and Medicare. If you are not close to retirement age, you should be even more interested, as
If you ever wanted to achieve the level of wealth that allows you to hide a large amount of it within the iconic Swiss bank account, you are now officially out of luck. Feel free to target great wealth, but do not expect to be able to evade taxes by parking your assets offshore in
The U.S. economy has been slowly climbing out of the effects of the Great Recession, but new milestones suggest that we are finally turning the corner toward full recovery. A recent study by The Pew Charitable Trusts noted one such milestone. In a majority of states, inflation-adjusted state tax revenues have topped pre-recession levels.
Using
Bad News From Bentonville
Last Wednesday, Walmart shook up the market with a surprising announcement regarding future earnings. The retailing empire based in Bentonville, Arkansas, stunned analysts and investors with their forecast of a 6% to 12% drop in earnings in fiscal 2017. According to Bloomberg, analysts had been expecting a gain of around 4%.
Now that the U.S. is among the world leaders in oil production, does it make sense to retain the ban on U.S. oil exports? These bans were imposed in the mid-1970s in response to the oil embargo from the Organization of Petroleum Exporting Countries (OPEC). At the time, the U.S. was highly dependent on oil
Unless you have been in an isolation tank for some time, you know that Donald Trump is running for President of the United States. He of the iconic hair is particularly sensitive to discussions about bankruptcy, as his operations have declared bankruptcy multiple times. While the Donald may not like it, it’s fair to ask
Alternative energy sources such as solar and wind power are considered crucial by many people and their respective governments to combat global warming and climate change. Cost factors and reliability are the primary reasons that solar and wind power have not made larger inroads into our infrastructure.
A study by Charles Frank, an economist and