Posted by Tracy Coenen on December 21, 2007 · Leave a Comment
Festivus for the rest of us – The holiday made famous by George Kostanza on Seinfeld makes its way to the real world.
Posted by Tracy Coenen on December 21, 2007 · Leave a Comment
Budgeting woes: Where did all the money go? – A couple discovers they “lost” $10,000 this year.
What Americans are buying – The 2008 Statistical Abstract of the United States, compiled by the Census Bureau.
Changes coming to credit scores in 2008 – The credit agencies have a new way to rate your delinquencies in the coming [...]
Posted by Tracy Coenen on December 20, 2007 · Leave a Comment
Today was an unusual day on AOL’s consumer finance blog WalletPop. We’ve got almost 20 people writing for the site, but today it seemed that no one was writing. I wrote several posts last night, and they ended up all going live today to fill the queue.
So here’s the list of what I was [...]
Posted by Tracy Coenen on December 20, 2007 · Leave a Comment
Abusive debt collectors sent a loud (and expensive) message – A collection agency using illegal threats and racial slurs is handed a huge judgment against it by a court.
A new and improved ‘Do Not Call’ coming soon to a dinnertime near you? – Proposed changes to the list could make it so that consumers don’t [...]
Posted by Tracy Coenen on December 19, 2007 · Leave a Comment
I recently recorded a podcast for AllBusiness on fraud prevention in small businesses. Chris Bjorklund and I sat down and talked about some of the risks and ways to prevent fraud in small companies.
The podcast covers these issues, in addition to others:
Simple internal controls that are often overlooked
Components to be included in a code of [...]
Posted by Tracy Coenen on December 18, 2007 · Leave a Comment
The Government Accountability Office has issued its 2007 report on the U.S. Government. In short, it appears that the government isn’t doing real well at keeping track of its assets nor of the money it spends.
Just imagine if the U.S. Government was a public company subject to Sarbanes-Oxley rules. Yikes!
In part the report states:
A [...]
Posted by Tracy Coenen on December 18, 2007 · Leave a Comment
A millionaire couple in New York has been convicted on charges related to keeping two slaves in their home. Mahender Murlidhar Sabhnani and Varsha Mahender Sabhnani were both convicted of 12 federal counts of forced labor, conspiracy, involuntary servitude, and harboring aliens.
The Sabhnanis apparently kept these women as slaves, paying them $100 to $150 a [...]
Posted by Tracy Coenen on December 17, 2007 · Leave a Comment
Ummm… NO. It’s not in your contract. Buh-bye. But unfortunately, the school board is actually entertaining her request.
Karen Petric, the 54 year-old superintendent of Witnall Schools wants to retire early. Her contract says that if she stays until summer 2010, she gets free health insurance until she’s eligible for Medicare. She wants that [...]
Posted by Tracy Coenen on December 14, 2007 · Leave a Comment
Equifax, one of the three big credit bureaus thought they could mess with Angela P. Williams. She said she spent over ten years trying to fix her credit records after her identity was confused with someone else.
Williams took Equifax to court, and a jury awarded her $219,000 in actual damages plus $2.7 million in punitive [...]
Posted by Tracy Coenen on December 13, 2007 · 3 Comments
Over on WalletPop, I posted about the story of Trig’s Minocqua Shell. This week, an employee made a mistake when closing the store. He was supposed to change the price of gas to $3.30. Instead, he changed it to 33 cents a gallon. He closed the store for the night, but the gas pumps were [...]
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