CALIFORNIA | LOCAL
April 18, 1994 |
Thousands of Ventura County residents who want to enroll in community colleges are failing to do so, unaware that financial aid is available or because they cannot get school loans processed in time, a new study has found.
December 27, 2013 |
Guess how many Americans correctly answered this basic financial question: Is the stock of a single company usually safer than a mutual fund? A) 100% B) 80% C) 60% D) None of the above. The right answer is D. Barely 1 in 2 people knew that a single stock is not safer than a mutual fund, which holds many stocks. The question, included in a survey by a pair of college professors, underscores a fundamental problem facing millions of Americans. At a time when the world of personal finance is increasingly complex - and when people are more responsible than ever for their own financial future - Americans' understanding of basic concepts is sorely lacking.
May 29, 1986
Reeta Dee Hunt has been appointed Program Coordinator by the National Center for Financial Education.
October 25, 2009 |
Could a little-known and potentially controversial practice by mortgage giants Fannie Mae and Freddie Mac kill or stall your next loan application? Absolutely. Picture this scenario: You've got outstanding credit scores close to 800 and solid equity in your home. All you want is to refinance your mortgage to take advantage of today's rock-bottom interest rates. Your application should rocket through your lender's system and get you a great rate. But your bank says: Sorry, we can't do your loan.
February 11, 2004 |
Federal bank regulators planned to roll out a Vietnamese-language version of their Money Smart financial-education program today in partnership with community leaders in Orange County's Little Saigon. The 10-session Federal Deposit Insurance Corp. program includes tips on using credit, the importance of savings and checking accounts and home ownership. It also examines how to avoid abusive and deceptive lenders as well as the high cost of payday loans and check-cashing operations.
August 31, 2008
The Sunday Business section gave a prime example of why the California budget is such a mess. In the story "Teacher needs financial education" (Money Makeover, Aug. 24) was a line about the person being advised that as a state employee, she would get a pension of $6,880 a month at the age of 55. Yikes! We taxpayers are on the hook for over $80,000 a year for someone who can retire at age 55. Let's hope they don't vote to increase the pensions or we'll really be in trouble.
CALIFORNIA | LOCAL
July 30, 2011 |
When the NAACP was founded in 1909, the injustice it aimed to battle was clear: Black Americans were being lynched, denied the right to vote, restricted to ghettos, banned from schools and barred by legal segregation from public places — restaurants, theaters, swimming pools. Today, with a black man in the White House, you could argue, and some people have, that the NAACP has become a relic of a less enlightened past; an anachronism in the era of Oprah, Barack Obama and a thriving black middle class.
August 26, 1992 |
Bad credit cannot be repaired, but credit can be rebuilt over time. The National Center for Financial Education, a nonprofit organization in San Diego, recommends that people trying to improve their credit take the following steps: * Open a savings account and make steady deposits. Lenders look for people who have enough discipline to save. * Open a checking account, but never overdraw it. Checks returned for insufficient funds can show up on credit reports.
January 27, 2003 |
Investor education has never been a top priority for state spending in California, and that's truer than ever in these budget-strapped times. Lacking specific funding for educational outreach, the Department of Corporations, the state securities regulator, runs occasional seminars and workshops at which enforcement officials offer tips on avoiding investment scams, according to spokeswoman Kam Coveyou. The agency also provides information by mail and over its Web site, at www.corp.ca.