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Credit Card

Senate Rejects Limit On Credit-Card Interest Rates

New York Times | Carl Hulse | Posted 05.25.2011 | Politics

Despite complaints that banks and credit card companies are gouging customers by charging outrageous interest rates, the Senate on Wednesday easily tu...

Jason Linkins

Colbert Takes On Credit Card Industry: "Being In A Financial Hole Is As American As Borrowing Apple Pie"

HuffingtonPost.com | Jason Linkins | Posted 05.25.2011 | Comedy

Colbert makes macabre fun of the credit card industry, our willingness to spend our way into trouble, the industry's monkey spun rule-randomizing wheel, and the terrifying fine print of their user agreements.

Rising Credit Card Losses Are Next Challenge For Banks

New York Times | ERIC DASH and ANDREW MARTIN | Posted 05.25.2011 | Business

It used to be easy to guess how many Americans would have problems paying their credit card bills. Banks just looked at unemployment: Fewer jobs meant...

Obama Makes Push For Credit Card Legislation (VIDEO)

AP/HUFFPOST | Posted 05.25.2011 | Politics

AP: WASHINGTON — Putting himself on the side of fuming consumers, President Barack Obama is pushing Congress to send him legislation by Memorial...

Arthur Delaney

Chuck Schumer To Bernanke: Your Failure To Protect Consumers Is "Unconscionable"

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Politics

Sen. Chuck Schumer (D-N.Y.) scolded Federal Reserve chairman Ben Bernanke on Tuesday over the Fed's reluctance to speed up the implementation of consu...

House Passes Credit Card Bill That Helps Consumers

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Riding a crest of populist anger, the House on Thursday approved a bill to restrict credit card practices and eliminate sudden incr...

Obama Credit-Card CEOs Meeting: President To Push New Rules

AP | BEN FELLER | Posted 05.25.2011 | Politics

WASHINGTON — President Barack Obama said Thursday he is determined to get a credit-card law that eliminates the tricky fine print, sudden rate i...

Obama's Credit Card Dog Day Afternoon

Stuart Whatley | Posted 05.25.2011 | Politics
Stuart Whatley

In the current system, credit card companies do not provide an essential service anymore; it's more a societal stranglehold -- a gun to the head of the middle class.

Counting the Cost of Good and Bad Debt

Jim Wallis | Posted 05.25.2011 | Politics
Jim Wallis

While watching President Obama's press conference Tuesday evening, I was struck by a few things that are often forgotten in the criticism of his proposed budget.

Credit Card Companies Gouge HuffPosters

Gabriel Beltrone & Matthew Palevsky | Posted 05.25.2011 | Politics

Banks capitalizing on taxpayer bailout money from TARP have alarmed their customers by hiking - often doubling, and in some cases even tripling or qua...

We Need a Rehab Program for Spenders

Don McNay | Posted 05.25.2011 | Business
Don McNay

The nation's economic system has also gotten addicted to shopping.To turn the economy around, Americans need to find a spender's version of rehab.

Stocks end lower amid mixed earnings reports

AP | TIM PARADIS | Posted 05.25.2011 | Business

NEW YORK — Wall Street retreated Tuesday after forecasts from DuPont, Sun Microsystems and Texas Instruments raised fears that companies' outloo...

Friday Talking Points [49] -- Before And After The First Debate

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

[UPDATED -- See part 2 in the Talking Points section.] This week's column will be presented in a sort of semi-liveblogging fashion. What you're getti...

Friday Talking Points [42] -- Get Up, Stand Up, Barack

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

I have to assume if you're reading this that you're sick of the Olympics already. Wow, that was fast. Is NBC's coverage going to be twice as bad as ...

How The Press Failed Readers On The Changing Credit Card Industry

Columbia Journalism Review | Dean Starkman | Posted 05.25.2011 | Media

One of the paradoxes of the business press is that while everyone should read it, since we all live in the economy, not everyone does. In fact, most p...