More new rules from the Federal Reserve mean more new credit card protections for you. This set of rules is the latest in a series of regulations that implement the Credit Card Accountability, Responsibility, and Disclosure Act (the Credit Card Act).
News & Media Advisories
Preparing to live with less - KSL -- August 19, 2010 - When people first put themselves on a budget and try to cut out as many expenses as they can, it can be an overwhelming experience. Many financial advisers liken it to going on a diet, and like starting a diet, getting on the scale the very first time is hard to do for some people.
Utah bankruptcy filings on the rise - ABC 4 -- August 2, 2010 - Utah bankruptcy filings are up by 31 percent from a year ago. Experts say the continued housing slump, unemployment rate, and years of consumer debt are to blame.
Concepts teens should learn along with their first job - KSL -- July 29, 2010 - One thing parents should do is go over their first pay stub with their child. AAA Fair Credit Foundation CEO Preston Cochrane says kids are sure to have some questions.
Concepts teens should learn along with their first job - KSL -- July 29, 2010 - One thing parents should do is go over their first pay stub with their child. AAA Fair Credit Foundation CEO Preston Cochrane says kids are sure to have some questions.
Debt free: Let DMC, experts help you manage your money - Deseret News -- June 21, 2010- Today, the "Imagine a Happier You" campaign launches with a website that offers loads of great financial advice, links, calculators and other tools to help everyone — but especially women — learn about money and how to take control of their finances, from the intricacies of budgeting to debt elimination and retirement planning.
Drowning in credit card debt? Debt settlement can be tricky - USA Today -- June 8, 2010- Debt-settlement companies claim they can reduce borrowers' debts by negotiating with creditors. A growing group of lawmakers, regulators and consumer advocates say these companies exploit desperate borrowers, often leaving them deeper in debt.
Double up to dig out of debt - Mormon Times -- June 7, 2010- Getting out is often tricky, and doing it in a reasonable time period will likely require the use of various tactics and guidance from a financial adviser.
Company helps people manage financial challenges - Deseret News -- May 30, 2010- AAA Fair Credit Foundation believes with proper education and instruction, people can manage their financial challenges and avoid many common problems.
Utah's Foreclosure Crisis: Worst lurks ahead - Salt Lake Tribune -- May 24, 2010- Having lagged behind other hard-hit regions where housing markets are now slowly improving, Utah has yet to reach the peak of its crisis.
Do homework on debt management services - Deseret News -- January 13, 2010- Those thinking of hiring a debt management company should do their homework to avoid being been duped by unscrupulous and unlicensed companies.
Program may battle foreclosure - Deseret News -- October 1, 2009- Recognizing a "code red" situation in a state experiencing some of the highest foreclosures rates and mortgage delinquencies in the country, Salt Lake County Mayor Peter Corroon is getting behind a new program offering no-cost financial services to families coping with or trying to avoid crisis.
Hundreds visit Emergency Fair - Davis County Clipper -- August 18, 2009- "Pay your credit card payment every month", advised Will VanderToolen of AAA Fair Credit Foundation of Utah. He conducted several classes, ranging from budgeting to how to build and maintain credit.
Learning to navigate today's credit landscape - Deseret News -- June 15, 2009- In the wake of the economic turmoil caused by the mortgage meltdown, a credit crisis was born. Now getting a credit card or mortgage is harder than it's been for decades, and analysts warn it will probably remain that way for the foreseeable future.
Utah bankruptcies soar 56 percent from a year ago - Salt Lake Tribune -- April 9, 2009- Bankruptcy filings in Utah soared during the first three months of 2009 -- a sign the weakening economy is exacting a bitter toll on the finances of thousands of the state's residents.
Sour economy forcing many to bring gourmet meals home - KSL -- Jan 29, 2009- The economic downturn hasn't taken people's desire for gourmet food, even if they can't afford to go to restaurants. They're just finding a different way to get it.
Non-Profit Spotlight: AAA Fair Credit Foundation - Utah Pulse -- Dec 31, 2008- This month Utah Pulse is featuring some of the non-profit organizations working in Utah. Today we highlight the AAA Fair Credit Foundation.
Hidden Crisis: Middle Class, Employed and Broke - Fox13 -- Nov 23, 2008- The effects of an ailing economy are no longer only visible in low income families. Utah middle income families are also being affected-- and hiding it well.
Is there free money for Utahns - ABC4 -- Nov 21, 2008- A public- private partnership in Utah is offering free money to help people struggling to get a start in life and encourage savings.
Not reading credit card junk mail can cost you money - KUTV2 -- Nov 13, 2008- You may get dozens of pieces of seemingly junk mail from your credit card company every week. Trashing that mail is costing some people big bucks.
Credit Crunch (Part 2) - Fox13 -- Nov 6, 2008- Making a simple phone call can get rid of debt quicker and lower high credit card interest rates.
Credit Crunch (Part 1) - Fox13 -- Nov 6, 2008- One way to manage good credit is checking individual credit reports and scores at least once a year.
Putting your family on a Money Diet - ABC 4 -- Oct 30, 2008- Spending money is a lot like eating. If you’re not careful, you could end up bloated with debt – a deadly situation in any economy. What’s the best way out? A spending diet.
Individual Development Accounts - Sun Advocate -- Oct 23, 2008 - If someone supporting a family of four on about $35,000 a year can manage to save a big chunk of income, what's stopping the rest of us from saving more?
Emergency Familiy Finances: Part 1 - KSL 5 -- Oct 2, 2008 - Many who are working are making a lot less money right now and subprime mortgages and big consumer debt are hovering over a lot of households locally.
16 organizations recognized for workplace flexibility - Salt Lake Tribune -- Sept 16, 2008 - Sixteen organizations along the Wasatch Front will receive Alfred P. Sloan awards for workplace flexibility from the Salt Lake Chamber at a breakfast today.
Don't let bad habits suck up your budget - Daily Herald -- April 4, 2008 - Spring isn't usually a time for doom and gloom, but that seems to be the tone of almost everything said about the economy these days.
Help for the home - Salt Lake City, UT -- Low-to-moderate-income people eager to own a house have assistance options
Students may get financial education - Salt Lake City, UT -- A bill aimed at giving students a firm base in financial literacy cleared the Senate Education committee unanimously Monday. SB61 would create an optional K-12 financial literacy track that would familiarize students with financial literacy education.
KCPW's Bottomline Fiscal Fitness Tips for the New Year -- Many New Year resolutions revolve around getting fit. Preston Cochrane and Ann House talked about getting one's finances fiscally fit for 2008.
Perfect Home Living Names New Chairman of the Board -- Salt Lake City, UT (OPENPRESS) June 9, 2007 -- To some the name Preston Cochrane is merely all the introduction required in the world of the non-profit sector.
Savings program leads to home owners -- Davis County Clipper - Fri, May 25, 2007 - There’s nothing new about saving for a home.
But the Utah Individual Development Account Network (UIDAN) makes it a lot easier for lower income folks who may believe home ownership is an impossibility.
Help sought for Utahns living on the edge -- Deseret News - Fri, May 18, 2007 - Several organizations, including UIDAN, brief a Utah legislative committee on programs helping low- to moderate-income Utah families.
Money sense, language might affect loan rates
- Preston Cochrane contributes to this Salt Lake Tribune article that discusses a recent study by the Consumer Federation of America reporting that black and Latino homeowners were more than twice as likely to get higher-rate "subprime" loans than other racial and ethnic groups.
The Tax Man Cometh
- Listen to IRS specialist Bill Brunson and Preston Cochrane of AAA Fair Credit about year-end tax and New Year budget planning advice.
