It’s all too common for an American homeowner to owe more on a mortgage than the home is worth. To help Americans pay off their home loans, the government recently announced an affordable mortgage modification program. The program will reduce the amount certain borrowers owe on their mortgage loans.

Payday loan representatives in Wisconsin gave almost $75,000 in political donations last year. The donations are the industry’s strongest weapon against further regulation. Most of the money went to Democrats, who now control the state Legislature.

The sterling credit rating of the U.S. has always been a given, but a recent warning may challenge that tradition. Moody’s recently cautioned that the credit rating of the U.S. might fall if federal debt is not brought under control. Although the ratings are stable currently, they are much closer to being downgraded than ever before.

Legislators in 16 states across the U.S. have proposed banning pre-employment credit checks. Lawmakers say the checks discriminate against people with debt problems, precluding them from finding a job. The companies that use the credit checks say they are good indicators of a prospective hire’s level of responsibility.

Online Finance News

OnlineQuotes.com provides finance-related news to keep you up-to-date on the latest developments in the financial services sector in your area and across the nation. You will find valuable information that could save you money on your next major loan, insurance purchase, debt consolidation service, and more! Find out what's new so you can take advantage of fluctuating interest rates, refinancing options and available incentives. At OnlineQuotes.com, we do the research for you to ensure you don't miss out on a single opportunity.