Even after the Federal Reserve reduced their borrowing costs, the nation's banks raised credit card rates and boosted profit from the consumer debt in...
Financial Times | Posted 07.31.2009 | Business
Citigroup has sharply increased interest rates on up to 15m US credit card accounts just months before curbs on such rises come into effect, in a move...
HuffingtonPost.com | Ryan Grim | Posted 06.14.2009 | Politics
The House of Representatives passed sweeping credit card reform legislation Wednesday aimed at limiting abusive and deceptive credit card practices. T...
HuffingtonPost.com | Ryan Grim | Posted 06.12.2009 | Politics
Sen. Chris Dodd (D-Conn.) released the text of his credit card reform package on Monday and we posted it online, asking for your thoughts. More than 9...
Don McNay | Posted 04.03.2009 | Business
Citigroup and AIG employ thousands of good people. But they have had rotten apples in leadership. They created a culture that is probably impossible to change or fix.
Christopher Brauchli | Posted 02.15.2009 | Business
As credit card holders who carry unpaid balances know, most credit card companies reserve the right to raise interest rates at most any time for most any reason.
CNN | Ben Rooney | Posted 09.17.2009 | Politics