How to approach and combat holiday over-spending
As the holiday season approaches, spending habits will inevitably be altered.
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As the holiday season approaches, spending habits will inevitably be altered.
While there are still long-term repercussions that need to be weighed, filing for personal bankruptcy no longer carries the social stigma or the unflinching consequences that it once did.
The post-recession economy has spurred a lot of changes within the lending and housing finance industries, the repercussions of which have been felt in a variety of ways.
For the better part of 2013, the assumption that the Federal Reserve would soon be tapering its $85 billion-per-month bond-buying program has been a safe one. But it appears those speculations may have been misguided.
Ever since the housing market's collapse and subsequent economic downturn in 2008, banks and lenders have been subjected to increased scrutiny and a laundry list of new government regulations.
The much-anticipated October jobs report provided promising data as far as overall economic recovery is concerned, but only furthered the general sentiment of uncertainty surrounding the housing finance market.
The U.S. Senate recently confirmed the appointment of Congressman Mel Watt, D-N.C., as director of the Federal Housing Finance Agency, signaling another significant shift within the industry.
The debates rage on, in a variety of forms, regarding the level of regulation that should be imposed by the U.S. Consumer Financial Protection Bureau.
The U.S. Federal Reserve formally announced on Dec. 18 its decision to begin tapering its economic stimulus program in January 2014.
Consumers may be turning to credit unions in greater number in 2014, according to a recent study published by the National Association of Federal Credit Unions.