More Money Wednesday Roundup: Credit Scoring via Facebook & High-Interest Banking
Personal finance from around the Web:
- Do you find yourself telling the kids to be careful who they hang out with? Turns out the same advice goes for you, online. Creditors are turning to your social networks to help determine whether or not you will make a good customer. [PC World]
- The ever-capricious housing market defied economists predictions of a 1.9% increase in new-home sales for February, instead dipping 2.2 percent. [The New York Times]
- Never paid much attention to the near-negligible interest accrued on your checking account? If you make enough debit transactions each month, you could be eligible for the generous rates some banks have begun offering through rewards checking programs. [The Baltimore Sun]
- Hey, big spender: A look at which ten US cities have residents with the deepest pockets for expenses other than housing. [The Huffington Post]
- Caving to pressure from Massachusetts Attorney General Martha Coakley, Bank of America announced it would provide $3 million in loan forgiveness to approximately 45,000 homeowners who owe more than 120 percent of their home's value. [Reuters]
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