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Money

Millions of New Jerseyans due share of $32 billion in unclaimed money

Millions of New Jerseyans due share of $32 billion in unclaimed money
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Believe it or not, New Jersey has millions of people who have unclaimed funds totaling billions of dollars.

According to the Unclaimed Property Act of New Jersey, the unclaimed amount is held until it could be handed over to the rightful owners. Unclaimed property refers to accounts in financial institutions and companies that have had no activity generated or contact with the owner for one year or a longer period.

The National Association of Unclaimed Property Administrators says a total of at least $32.877 billion is currently being kept by state treasurers and other agencies for 117 million accounts.

 

Seven New Jersey banks seeking $116 million in federal funds for small business loans

Seven New Jersey banks seeking $116 million in federal funds for small business loans

With a filing deadline March 31, seven state-chartered banks have applied for a total of $116 million from the federal Small Business Lending Fund (SBLF), which is making $30 billion available nationa...

Report: N.J. tourism is up; 67.7 million tourists visited last year

Report: N.J. tourism is up; 67.7 million tourists visited last year

Visitors spent $35.5 billion, $4 billion less than pre-recession year of 2007

Tourists visiting New Jersey’s spent $35.5 billion in 2010, a 0.8 percent increase over 2009, according to data released Th...

N.J. Labor Officials: 7,500 found work last month but unemployment at 9.2 percent

N.J. Labor Officials: 7,500 found work last month but unemployment at 9.2 percent

3.8 million residents employed, 399,500 jobless

BY TOM HESTER SR.
NEWJERSEYNEWSROOM.COM

While at least 7,500 New Jerseyans found work in February, the state’s unemployment rate, however, edged up by 0.1 ...

Why big banks are afraid of credit unions

Why big banks are afraid of credit unions
BY ROHIT AHORA
COMMENTARY

A bill introduced by Sen. Mark Udall (D-CO) earlier this month would enable credit unions to increase their small business lending, which is now capped at 12.25 percent of asse...

Mega Millions clears $300 million mark, making history

Mega Millions clears $300 million mark, making history
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

Many of us would be thrilled to win its opening $12 million. But the Mega Millions jackpot is reaching the rarified air of one of the largest prizes ever seen in the Un...

'Grandparent scam' has targeted over 1,500 unsuspecting seniors in N.J.

'Grandparent scam' has targeted over 1,500 unsuspecting seniors in N.J.

Scammer calls to say grandchild in trouble; send money, don't tell mom

Con men and women call it the Grandparent Scam.

It typically begins with a seemingly urgent phone call to an unsuspecting senior ci...

The new mortgage foreclosure settlement and what it will mean for you

The new mortgage foreclosure settlement and what it will mean for you
BY AVI FRISCH
NEWJERSEYNEWSROOM.COM

Late last week, large banks and a special counsel appointed by the Presiding Judge of the Mercer County Court supervising foreclosures, Judge Mary Jacobson, announced...

Mega Millions winning numbers worth $244 million

Mega Millions winning numbers worth $244 million
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

March Madness can take more than one form. Outside of the basketball courts, it’ll also be taking place today at your nearby New Jersey Mega Millions lottery dealer.

Aft...

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