Credit Monitoring Rip-Offs More Proof of the Need for Financial Literacy

Just as we wrote about the pressing need for financial literacy among consumers as credit tightens, The New York Times reports on the government’s efforts to combat those “free” credit report firms, which charge people for a service they are entitled to get for free.

On television it’s

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How the Financial Crisis Continues to Hit the Poor the Hardest

Here’s one of the most disturbing points made in the Financial Times piece on banks being poised to earn $38.5 billion in overdraft fees this year: Poorest customers are getting hit the hardest by the charges.

The FT reported over the weekend that banks are using higher fees on More…