Citigroup Credit Cardholders Will See Rates Jump -- Unless They Spend
NEW YORK — For Citibank credit card holders, there is one way to escape the bank's rate hikes currently under way: Meet a monthly spending requi...
NEW YORK — For Citibank credit card holders, there is one way to escape the bank's rate hikes currently under way: Meet a monthly spending requi...
Jose A. Garcia | Posted 11.02.2009 | Business
Since the passage of the Credit CARD Act of 2009, credit card companies have been jacking up interest rates in anticipation of February 22, 2010, when the law goes into full effect.
Nelson Montana | Posted 10.29.2009 | Business
The way it stands with credit card companies these days, you might be better off dealing with loan sharks. At least they'll warn you before breaking your legs. The banks sneak up behind you and do it.
Jodie Allen | Posted 10.14.2009 | Business
No doubt, the medicine needed to cure a chronically ailing economy can be mighty bad tasting. But hanging tough can often yield fast and substantial results.
Jill Schlesinger | Posted 09.20.2009 | Business
Credit card reform was needed, but it's not likely to help Americans kick their credit card habit just yet.
Ann Pettifor | Posted 07.06.2009 | Business
Economists and their friends in bond markets are scaremongering in the hope of achieving cuts in government programs, rises in unemployment and lower wages. This is lunacy parading as economics.
Sen. Chris Dodd | Posted 05.31.2009 | Politics
We have a once-in-a-generation opportunity to end the abusive and predatory practices of the credit card companies.
Paul Abrams | Posted 04.29.2009 | Business
Instead of providing government money and guarantees to hedge funds that will supposedly price toxic assets, put the money to good use on main street through regional banks.
Gabriel Beltrone & Matthew Palevsky | Posted 03.29.2009 | 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...
Arianna Huffington | Posted 03.27.2009 | Business
Hot on the heels of the banking crisis, the employment crisis, and the mortgage/foreclosure crisis, the country is on the verge of experiencing a credit card crisis.
Manisha Thakor | Posted 06.12.2009 | Business
For the first time in over 50 years, it is clear that "debt" has finally come to be seen for what it is, a four letter word that should be used with extreme caution.
Tony Ressler | Posted 07.24.2008 | Business
People used too much debt to buy things at the wrong time in the economic cycle and lenders have been too lax in their lending standards. This has all changed because it should -- in short, risk has been repriced.
Eben Esterhuizen | Posted 03.28.2008 | Business
The Fed may continue to cut interest rates, but they must be careful not to run out of ammunition. In other words, if the federal funds are lowered beyond a certain point, the ability of the Fed to stimulate the economy comes to an end.
AP | CANDICE CHOI | Posted 11.20.2009 | Business