July, 2010
New lending laws in Colorado effect payday loans
New laws intended to limit the short term money loans offered in Colorado are going to go into effect. In August of this year, Colorado payday advance direct lenders will have the interest rates and repayment terms of their products capped. Legislators had called for a stronger bill, but lobbyists had been pushing for a ...
Chicken nuggets recalled by Wal-Mart
Great Value brand chicken nuggets have been recalled from Wal-Mart stores. One pound, 13 ounce packages of Great Value chicken nuggets are recalled. Manufactured by Perdue, these nuggets have blue plastic in them.
Stores recall chicken nuggets
The Wal-Mart chicken nugget recall was called by Perdue Farms, Inc. and also the USDA on July 21. Chunks of ...
Reforming Wall Street began at signing ceremony on Wednesday
Obama signed the Wall Street reform bill Wednesday. The financial reform bill should change the financial industry more than other things since the Depression. At the signing ceremony for the financial reform bill after months of debate, Obama called Wall Street reform "the strongest consumer financial protections in history.". Republicans called the bill a permanent ...
Oil giants go after moratorium with oil spill response system
A federal drilling moratorium was proposed because of the oil spill within the Gulf of Mexico 2010. The oil industry has loudly criticized the ban. But a group of four oil companies are actually doing something that may help lift the drilling moratorium. A $1 billion fund has been set up by Exxon Mobil, Chevron, ...
$1 Trillion budget for the International Monetary Fund
This November, the International Monetary Fund will be requesting a budget increase to $ 1 trillion. The Group of 20 Summit in South Korea will discuss this request. The IMF says they need this emergency cash til payday to be able to respond more effectively to financial crises.
The ability of the IMF to lend
The IMF ...
