Money

ALEXANDRIA, Va., Feb. 1, 2012 /PRNewswire/ — Pentagon Federal Credit Union (PenFed) announced today that beginning February 1, 2012; all Cardmembers who use the PenFed Premium Travel Rewards American Express Card will earn 3 points per dollar spent on all their dining purchases, instead of 1 point * .(Logo: )Between February 1 and April 30, 2012, those who carry the PenFed Premium Travel Rewards    .. more …

A recent online poll, commissioned by NEFE, found that 75 percent of U.S. adults said they had debt and 51 percent said they were worried about the amount they owed.The poll of 2,525 people aged 18 and older was conducted online in December 2011 by Harris Interactive.The poll demonstrated the overall debt burden people across the country are carrying and showed that while some consumers might    .. more …

by Justin Yap, justinyap@theborneopost.com . Posted on February 14, 2012, Tuesday KUCHING: Internet business in Sarawak and Sabah is still considered as a new market entry as most people do not realise the impact it may create if its known internationally.Although it has been there for years, most people are still afraid to walk into the unknown territory, said Addy Kho, the website owner for    .. more …

HERMITAGE, Pa., Feb. 21, 2012 /PRNewswire/ –F.N.B. Corporation (NYSE: FNB – News ), parent company of First National Bank of Pennsylvania, announced that it completed the final step of integration in its merger with the former Parkvale Financial Corporation on February 18, 2012. The legal merger was completed on January 1, 2012.This past weekend, First National Bank finalized the conversion of    .. more …

It’s a vicious cycle. Many families in this country cannot afford the skyrocketing cost of higher education without student loans. But many graduates cannot find a job and cannot pay off the loans. As a result, they wind up in a much deeper hole (as the interest and collection fees accrue) with no way out.Student loan debt in the U.S. now totals more than $1 trillion. That’s more than    .. more …

New federal and state regulations will affect students applying for financial aid this year. Those who will be affected include students who repeat courses, some Pell Grant recipients, adult students without a high school diploma or GED and those who receive a Board of Governors Fee Waiver as part of their financial aid packets.”We expect this to have a big impact,” said Andrea Hunter, COM    .. more …

HAMILTON, N.J., Feb. 16, 2012 /PRNewswire/ — First Bank (OTC BB: FRBA) today announced fourth quarter and full-year 2011 results. Operating profit for the quarter was $250,000. Including a $1.8 million tax benefit recognized at the end of the year, annual profit for 2011 was $2.1 million.Total assets at year end were $264.9 million, an increase of $52.9 million or 25% during the year. Total loans    .. more …

Leicestershire County Council has proposed cutting its funding for Police Community Support Officers (PCSOs). A cabinet member on the Tory-run council said it was due to a “massive” reduction in government grants.The 500,000 cost for about 20 PCSOs would be reduced in stages over the next two years, with no financial support at all by 2014.Leicestershire Police Authority said more pressure would    .. more …

Suppose your employer loans you money, and like a good employee, you repay it. Neither event is taxable. But paying interest has tax effects to you both. What if you agree there’s no interest?Not so fast. The IRS can impute it even if even if you expressly agreed there would be no interest. The rules regarding interest run throughout the tax code. In many circumstances even if you state something    .. more …

CLEARWATER, Fla., Feb. 17, 2012 /PRNewswire/ –Clarity Services, Inc., a leading real-time credit bureau addressing fraud detection and credit risk management solutions for the under-banked, non-prime consumer segment, announced today its newest service, Clear Adverse Action Notification, to become available March 1st. The new service will assist lenders and credit-based service providers in    .. more …