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Money

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Whitney's funeral costs anger NJ residents

theGrio
MSNBC - Whitney Houston's funeral cost her hometown of Newark, New Jersey, $187,000 in police overtime, and some residents aren't happy about footing the bill...
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CREDIT CARD REFORM.  Under Obama, abusive credit card companies are no longer protected.  With the final set of provisions of the credit card reforms taking effect in 2010, the deceptive “fine print” of credit card agreements is no more.  Credit card users can opt out of certain terms.  Millions of consumers will have more time to pay their monthly bills, avoid retroactive interest rate increases, receive more notice of changes to credit card terms.  Predatory lending costs American borrowers $25 billion each year, and the poor, African-Americans and Latinos are particularly susceptible to fraudulent practices and higher interest rates.

BET joins the prepaid card bandwagon -- beware!

Ryan Mack
OPINION - The prepaid card is one that doesn't help anyone establish credit, costs far too much for those who have limited budgets...
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Self-declared lottery winner: 'I lost the ticket'

theGrio
BALTIMORE (AP) - A woman who has claimed to have Maryland's winning Mega Millions ticket appeared with an attorney Wednesday asking to be left alone...
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NBA may sell jersey space to advertisers

theGrio
Last year's NBA lockout made it clear that the players in the league would have to at least accept cuts because of the millions the NBA has been losing...
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3/30/2012 - theGrio and CNBC Market Update

Shartia Brantley
VIDEO - The markets are closed for Good Friday but investors await reports on jobs, the service sector and consumer credit...
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BET, NetSpend join to market prepaid payment card

theGrio
WASHINGTON (AP) - BET Networks is entering the exploding business of prepaid cards, partnering with an industry leader in hopes of reaching millions of black Americans who don't use banks...
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Obama outspends Republican campaigns by millions

theGrio
CHICAGO (AP) - President Obama has spent a small fortune in recent months to build and maintain a campaign operation that is larger, more diverse and more focused on November's general election than any of his opponents' organizations...
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Winehouse family to get her $4.66 million fortune

theGrio
LONDON (AP) - Records show Amy Winehouse left an estate worth 2.94 million pounds ($4.66 million) after her death last year...
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Nas owes IRS $6.5 million in back taxes

theGrio
The IRS filed a $514,298 tax lien on January 10th, which was added on to a $3 million lien from February 2010 and a $2.5 million lien from October 2009...
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3/26/2012 - theGrio and CNBC Market Update

Shartia Brantley
VIDEO - Investors had quite a few economic reports to sift through last week. Housing was a mixed bag. New home construction declined by one percent in February...
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