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WASHINGTON – Fresh on the heels of new proposals to regulate mortgages and other consumer credit products, the Obama administration on Friday sent Congress proposed legislation designed to head off another Bernard Madoff-style fraud.

When Wall Street financier Bernard Madoff was carted off to prison in disgrace last week, he left behind thousands of investors in financial ruin. His estimated $65 billion global Ponzi scheme – which the court called "extraordinarily evil" – robbed individuals, banks, universities, even charities.

Cash-strapped borrowers are posting personal financial profiles online to connect with investors seeking sweeter returns.

Psst. Found your $1,000 yet? There's still time.

Last month, in honor of Mother's Day, we shared the best money tips that readers learned from Mom. Today, it's Dad's turn and we asked readers for their favorite fatherly financial wisdom. Here's what they told us:

Families and legal trusts can be delicate situations. This week, estate planning attorney Mark S. Drobny tackles readers' questions as one of our online personal finance experts.

It's the season for graduation gifts. And for most high school, college and grad school grads, there's one gift that's king: cash.

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