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Consumer Debt

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

Nelson Montana | Posted 05.25.2011 | Business
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.

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

AP | CANDICE CHOI | Posted 05.25.2011 | Business

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...

Credit Card Reform Won't Pay Down Consumer Debt

Jill Schlesinger | Posted 05.25.2011 | Business
Jill Schlesinger

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

Ignore the Scaremongers - Watch out for the Truly Scary

Ann Pettifor | Posted 05.25.2011 | Business
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.

Is Your Debt Naughty or Nice?

Manisha Thakor | Posted 05.25.2011 | Business
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.

Time to Get Tough On Credit Card Companies

Chris Dodd | Posted 05.25.2011 | Politics
Chris Dodd

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

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

Paul Abrams | Posted 05.25.2011 | Business
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.

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...

The Credit Card Debt Crisis: The Next Economic Domino

Arianna Huffington | Posted 05.25.2011 | Business
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.

Why We Are Where We Are

Tony Ressler | Posted 05.25.2011 | Business
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.

Recession Fear and Dollar Loathing in Las Vegas

Eben Esterhuizen | Posted 05.25.2011 | Business
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.