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Consumer Debt

Citigroup Credit Cardholders Will See Rates Jump -- Unless They Spend

AP | CANDICE CHOI | Posted 11.20.2009 | Business

Read More: Vikram Pandit, Consumer Debt, Citibank Rate Hike, Citibank, Credit Card Debt, Credit Cards, Citigroup, Business News

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...

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An End to the Credit Card Madness

Jose A. Garcia | Posted 11.02.2009 | Business

Read More: Senator Chris Dodd, Consumer Debt, Credit Card Debt, Credit Cards, Recession, House Financial Services Committee, Business News
Jose A. Garcia

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.

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Giving Credit Where Credit Will Do: How the Banks Have Changed the Rules Halfway Through the Game

Nelson Montana | Posted 10.29.2009 | Business

Read More: Credit Cards, Consumer Debt, Bankruptcy, Bailout, Visa, Finance, Economy, Mastercard, Banks, Interest Rates, Money, Congress, Business News
Nelson Montana

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.

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Financial Health: No Cures Please, We'd Rather Be Sick?

Jodie Allen | Posted 10.14.2009 | Business

Read More: Economic Recovery, Consumer Debt, Weakening Dollar, Economy, Pirates Ship Somalia, Business News
Jodie Allen

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.

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Credit Card Reform Won't Pay Down Consumer Debt

Jill Schlesinger | Posted 09.20.2009 | Business

Read More: Credit Card Reform, Consumer Debt, Credit Card Debt, Credit Cards, Credit Card Industry, Business News
Jill Schlesinger

Credit card reform was needed, but it's not likely to help Americans kick their credit card habit just yet.

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Ignore the Scaremongers - Watch out for the Truly Scary

Ann Pettifor | Posted 07.06.2009 | Business

Read More: Unemployment Numbers, Job Losses, Debt, Bankruptcy, Consumer Debt, Unemployment, Investment, Banker's Recession, Government Spending, Green Shoots, Recession, Ben Bernanke, Credit Crisis, Borrowing, Interest Rates, James Bond Markets, Business News
Ann Pettifor

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.

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Time to Get Tough On Credit Card Companies

Sen. Chris Dodd | Posted 05.31.2009 | Politics

Read More: Consumer Confidence, Senate, Consumer Debt, Predatory Lending, Economy, Credit Card Accountability Responsibility and Disclosure Act, Chris Dodd, Credit Crisis, Credit Cards, Politics News
Sen. Chris Dodd

We have a once-in-a-generation opportunity to end the abusive and predatory practices of the credit card companies.

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Will 'Trickle Down' Banking Work Better than 'Trickle Down' Economics: Thoughts from a Non-Wall Street CEO

Paul Abrams | Posted 04.29.2009 | Business

Read More: Tarp, Geithner, Bad Banks, Good Banks, Consumer Debt, Wall Street, Trickle Down, New Deal, Franklin D. Roosevelt, Economy, Aig, Great Depression, Housing Bubble, Business News
Paul Abrams

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.

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Credit Card Companies Gouge HuffPosters

Gabriel Beltrone & Matthew Palevsky | Posted 03.29.2009 | Politics

Read More: Credit Cards Raise Interest Rates, Consumer Debt, Financial Crisis, Credit Card Companies, Consumer Debt Crisis, Banks TARP, Economy, Credit Card, Credit Cards, Credit Card Rates, Credit Card Interest Rate Gouging, Why Are Credit Card Companies Increasing Interest After the Bailout, Politics News

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

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The Credit Card Debt Crisis: The Next Economic Domino

Arianna Huffington | Posted 03.27.2009 | Business

Read More: Debt, Consumer Debt, Economy, Economic Crisis, Financial Crisis, Credit Crisis, Credit Cards, Credit Card Debt, Bank of America, Business News
Arianna Huffington

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.

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Is Your Debt Naughty or Nice?

Manisha Thakor | Posted 06.12.2009 | Business

Read More: Personal Finances, Consumer Debt, Budgeting, Saving, Debt, Household Debt, Personal Finance, Economy, Financial Crisis, Elizabeth Warren, Consumer Spending, Recession, Consumer Confidence, Saving Money, Personal Debt, Business News
Manisha Thakor

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.

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Why We Are Where We Are

Tony Ressler | Posted 07.24.2008 | Business

Read More: Indymac, Indymac Bank, Consumer Debt, Economy, Business News
Tony Ressler

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.

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Recession Fear and Dollar Loathing in Las Vegas

Eben Esterhuizen | Posted 03.28.2008 | Business

Read More: Recession Fears, Federal Reserve, Recession, U.S. Economy, Budget Gap, Consumer Debt, Wall Street, George Soros, Business News
Eben Esterhuizen

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.

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