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Mar 19th

Money

N.J. bill aims to protect consumers from unfair debt collection practices

TURNERSVILLE – Assemblyman Paul Moriarty recently introduced legislation to ensure consumers who find themselves in debt are afforded greater protections when collection notices begin appearing in their mailboxes.

“Just because someone is in debt does not mean they forfeit their rights to be treated fairly,” said Moriarty (D-Gloucester). “Debt collectors may have a responsibility to get consumers to make good on what they owe, but they also have an obligation to treat consumers with respect and within the rule of law.”

Under Moriarty’s legislation (A-3839) debt collectors would be required to provide consumers with information regarding a debt owed, including:

* The exact amount of the debt owed to the creditor, with a clear breakdown of any additional fees or charges;

* The name of the creditor to whom the debt is owed;

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Catch-22: Can AIG Repay Taxpayers?

BY SHARONA COUTTS
PROPUBLICA

There's a lot to be mad at AIG about: the retention bonuses to executives, the secretive payments to banks and other counterparties, the risk-taking that nearly sank the com...

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Obama: U.S. economy shows 'glimmers of hope'

BY VOA NEWS

President Obama Friday met with his top economic officials Friday telling reporters that he detects glimmers of hope for the U.S. economy, despite continuing stresses.

In his first economic ...

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Entrepreneur creates opportunity by sharing office space

BY JUNE SOH
VOA NEWS

WASHINGTON — As corporations in America cut hundreds of thousands of jobs, there are reports that some of the newly unemployed are starting their own businesses. New ventures, howev...

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U.S. targets offshore tax dodgers

If you have any money stashed away, and it happens to be in an off-shore Swiss bank account....well, you better watch out. A top U.S. tax official promises to go after offshore dodgers.

It has been est...

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Money saving tips for the last minute tax filer

The clock is ticking. It's crunch time!

We are zeroing in on the tax deadline, and if you have not filed your 2008 taxes yet, you're definitely not alone.

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AIG paying Wall Street in full: $52 billion, and counting

BY OLGA PIERCE
PROPUBLICA

Since AIG's bailout, the company has forked over $52 billion to Goldman Sachs, Deutsche Bank and others who bought credit default swaps. The payments have raised a chorus of disappr...

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New tax breaks for retirees in 2009

They are $282 billion worth of tax provisions in the economic stimulus package. They range from homebuyer credit, to help with small businesses.

The American Recovery and Reinvestment Act is 577 pages ...

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Fountains of Wayne to hit auction block

BY GREG SAITZ
NEWJERSEYNEWSROOM.COM

With any luck on Saturday, April 25, Giant Santa will rise again one last time at Fountains of Wayne.

And if you've got enough cash, the towering fiberglass St. Nick, ...

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