| Volume 54 Number 3 |
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The People’s Lawyer’s Tip of the Day
Students take note. Under a new law it is harder for college students to get a credit card. Consumers under age 21 who can't prove an independent means of income or provide the signature of a co-signer aged 21 or older will not be approved for a credit card. In addition, colleges are prohibited from offering students gifts as inducements to apply for credit. The schools must also disclose their financial relationships with credit card issuers. Click here for more.
20 Ways to Protect Your Finances & Save
Some people think it is an insult when a person is called a "cheapskate." Despite the negative connotation, to be a "cheapskate" isn't necessarily a bad thing. Saving money, thoughtful spending, and prudent investments ultimately preserve a consumer's bottom line. Wear the "cheapskate" tag as a badge of pride. Try these twenty rules for "cheapskates" and find out how much money you save every month! Click here for more.
Internet Impostors Facing New Laws
At the most basic level, "e-personation" is the act of pretending to be someone you're not on the internet. As silly as it may sound, "e-personation" is running roughshod on the web, especially on sites like Twitter and Facebook. If Governor Arnold Schwarzenegger signs a new law in California, web impostors may face a fine and jail time. The vague law could include out-of-state offenders. The law would apply to anyone who credibly impersonates "for purposes of harming, intimidating, threatening, or defrauding another person." Who pushed for the new law? Why? Click here for more.
Tips for Traveling During Hurricane Season
The United States is now in the heart of the hurricane season. As activity picks up in the Gulf, Atlantic, and Pacific, you need to be prepared for complications associated with the big storms. Check out these tips for traveling during hurricane season. Click here for more.
Your Money
Trying to save for something special? Try this simple savings calculator! Click here for more.
For the Lawyers
Texas Supreme Court discusses commercial reasonableness under Article 9. The court recognized that a secured creditor that seeks to recover a deficiency, however, must prove that it acted in a "commercially reasonable" manner in disposing of collateral. With one dissent, it held that the jury may determine commercial reasonableness by employing a standard other than that stated in the jury charge. Click here for more.