Top News
New credit card restrictions take effect 
CNN Money – – They are the final provisions of federal legislation that placed new restrictions on credit card interest rates and fees, completing the most comprehensive overhaul of the credit card industry in history.

Regulators shut big Chicago-based bank
USA Today – – Regulators have shut down two Florida banks and one in Virginia, lifting to
5 ‘new normals’ of the economy 
CNN – – FORTUNE — Whenever we go through a major change in our culture, it seems we have to adjust to ‘the new normal.

 

Market News
Real Estate Weekly: Top five places to find foreclosure bargains
MarketWatch – – Don’t miss these top stories: A foreclosed home might be your best investment right now, according to Michael Murphy, editor of the New World Investor stock newsletter.
BofA Leads Industry in Completing Home Affordable Modifications
DSNews.com – – The number of permanent! Home Affordable Modification Program (HAMP) mortgage restructurings completed by Bank of America through July has reached more than 76,000, a number that BofA says continues to lead the industry.

 

Technology News
How to create a ‘super password’
CNN – – Say goodbye to those wimpy, eight-letter passwords. The 12-character era of online security is upon us, according to a by the  The researchers used clusters of graphics cards to crack eight-character passwords in less than two hours.
Amazon’s secret weapon: Kindle Lighted Leather Case
CNET News – – the hides out in the top-right corner until you need it. (Credit: Sarah Tew/CNET) With Amazon’s third-generation Kindle shipping soon, much of the talk has been about the device itself. But it’s worth taking a moment to examine one of the better designed

Other News
Mortgage Fraud Is On the Rise Again
Wall Street Journal Online – – New data suggests that mortgage fraud which got tougher to pull off after the collapse of the U.S. real estate market is returning in a big way.
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