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Entries by Catherine New from 12/2011

Balance Transfer Day Could Be Boon For Banks, Bust For Customers

Posted 12.01.2011 | Business

In an attempt to ride the recent wave of antibank sentiment fomented by November's Bank Transfer Day, a 35-year-old freelancer from Brooklyn, New York...

Balance Transfer Day Linked To Company That Profits Off New Credit Users

Posted 12.05.2011 | Business

Balance Transfer Day is not what it seems. The seemingly grassroots movement, which piggybacked on the success of November's Bank Transfer Day, is ope...

CoreScore: A New Credit Report Opens Door For More Profiting Off The Poor

Posted 12.07.2011 | Business

Thanks to a new kind of credit score, more borrowed money may end up in the hands of the increasing number of Americans who are sliding down the econo...

Dodd-Frank Opens Door To New Wave Of Credit Card Promotions

Posted 12.08.2011 | Business

As tighter federal regulations have been placed on debit cards, credit cards have come back with a vengeance. Banks have spent the past year pushing c...

Washington Mutual Settlement Lets Former Executives Pay $64 Million Of $900 Million Suit

Posted 12.13.2011 | Business

In what essentially amounts to pocket change when compared to the billions that Washington Mutual made in risky loans, three former top executives of ...

Banks Face Crisis Of Confidence, As Europe Falls Further [LIVE UPDATES]

Posted 12.14.2011 | Business

The crisis in Europe showed no sign of letting up on Wednesday, and analysts and observers warned of the potential for a sharp financial downturn over...

Bank Layoffs Continue As Major Players Struggle With Economy, Regulations

Posted 12.15.2011 | Business

Wall Street has lost its luster. Financial services -- the white-collar industry that has grown to more than 8 percent of the economy -- is at a tippi...

Holiday Spending: Saving Defines Season In One Community

Posted 12.21.2011 | Business

FLUSHING, N.Y. -- On the Wednesday morning before Christmas, there were no fir trees for sale in New York City's Flushing, Queens. The sidewalks were ...

Federal Judge Questions SEC Settlement

Posted 12.22.2011 | Business

A federal judge in Milwaukee has criticized the Securities and Exchange Commission for being too soft with corporate enforcement, marking the second t...

White Glove Indicator: Doorman Bonuses Mirror Brightening Economy

Posted 12.23.2011 | Business

NEW YORK, N.Y. -- If holiday tipping is one indicator of where the economy is headed, then the doormen of Greenwich Village have good news: Tips are u...

Economy Has Hurt Americans' Satisfaction With Financial Picture, But Family Life Is Strong: Poll

Posted 12.27.2011 | Business

The majority of Americans say they're satisfied with their future prospects, but their feelings have dimmed since 1998, when the U.S. economy was stro...

Credit Card Spending Increased Over Holidays

Posted 12.28.2011 | Business

In a turnaround from last year, shoppers were not afraid to pull out the plastic this holiday season. Spending on credit cards jumped 7 percent in Nov...

Bank Fees Predicted To Rise In 2012, As Banks Try To Boost Revenue

Posted 12.29.2011 | Business

Squeezed by regulations under the Dodd-Frank financial reform law, banks are looking to find new ways to wring fees from customers. In 2012, expect to...

401(k) Investments Keep Young Workers' Money In The Stock Market Despite Poor Performance

Posted 12.30.2011 | Business

People born in the 1980s are more into the stock market than one might think, according to one new study. While analysts have worried that the volatil...