Chapter 17 Outline

Chapter 17 Outline - Banking, Credit, and Housing Issues...

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Banking, Credit, and Housing Issues Chapter 17 - (15-20% debt is safe to have – that’s not mortgage) - (30-33% mortgage) - (40-45% Total) - (Take into account what your loan to debt ratio is) - (Consumers as a whole should give back 80-85%) Financial Consumer Protection Agency Legislation passed the House Another bill passed the Senate Committee Vote yesterday in Senate delayed discussion of bill Challenges ahead o Parties fighting Banking: Truth in Savings o Richard L.D. Morse, Kansas State o Annual Percentage Yield Earned- APYE o Advantages o Legal Loop-holes Deregulation (pg. 472) o Firewalls since the 1930’s o Means more choices o Price of choices Other Banking Issues o Higher bank fees o Overdraft protection o Difficult for some to obtain accounts o Lack of basic baking accounts o Credit Union challenges o Alternative financial sector o Too big to fail bailout Credit: Consumer Credit o Credit cards, student loans, automobile loans, personal loans- anything
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This note was uploaded on 09/15/2011 for the course AHRM 2404 taught by Professor Pjfisher during the Spring '08 term at Virginia Tech.

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Chapter 17 Outline - Banking, Credit, and Housing Issues...

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