PARAMUS– As consumers flock to retailers during the holiday season and as the use of prepaid cards continues to expand rapidly, U.S. Sen. Robert Menendez (D-NJ) introduced this past Saturday, Dec. 17, The Prepaid Card Consumer Protection Act to curb hidden fees associated with many of these cards.
Despite high-profile media attention, the odds of having your credit or debit card number stolen by crooks remains at historically low levels. That said, it’s always good to know what to do in case lightening does strike and someone fraudulently uses your card.
STATE – New Jersey received low marks in a new report that looks at state spending on corporate tax credits, cash grants and other economic development subsidies that are supposed to foster job creation.
TRENTON – Lawmakers gave final legislative approval to a Democrat-sponsored bill to create a “Back to Work NJ” job creation and economic growth program on Thursday. The Senate passed the bill by a 24-13 vote; the Assembly approved the bill 47-32, along party lines, earlier this month.
TRENTON – A bipartisan bill which would create the “Grow New Jersey” program to provide tax incentives for companies which maintain existing employment levels and create new jobs in New Jersey received final approval in both the State Senate and the General Assembly on Thursday.
We’ve all suffered buyer’s remorse – say you buy something you really can’t afford or the item’s sudden drop in value make it seem, in retrospect, a poor investment. That’s what has happened to some people who’ve taken advantage of IRS rules that allow them to convert a regular IRA or 401(k) into a Roth IRA, only to discover later it may not have been the right strategy.
ISELIN–The Board of Directors of Indus American Bank elected Anil Bansal as their new chairman. Bansal continues as co-chairman of IA Bancorp, the holding company of the bank.
TRENTON – Employment in the Garden State was up sharply in November with a monthly gain of 10,400 private sector jobs, according to data released today. The state’s unemployment rate was unchanged over the month at 9.1 percent, as more New Jersey residents returned to the labor force.
A select group of U.S. multinational corporations have been furiously lobbying for a tax holiday, they say, to bring more than a trillion dollars in so-called “trapped” foreign earnings back home and invest it in the American economy.
Main Street small businesses like mine are part of the 99 percent who have suffered in the Great Recession. There are few business owners in my acquaintance — I should say no business owners in my acquaintance, from convenience store owners to construction businesses to dentists, who have not felt the effects of the financial meltdown.