Credit Card Delinquencies Up November, More Borrowers Struggling: Moody's
NEW YORK — More U.S. credit card users fell further behind on their payments in November, Moody's Investor's Services said Tuesday. The charge-...
NEW YORK — More U.S. credit card users fell further behind on their payments in November, Moody's Investor's Services said Tuesday. The charge-...
Patrice Peyret | Posted 12.29.2009 | Living
If you're one of 51 million people in the U.S. between the ages of 18 and 29, you are unknowingly spending a collective $10 billion to $17 billion in checking account fees yearly.
AP | CANDICE CHOI | Posted 12.15.2009 | Business
NEW YORK — It's no surprise that banks are pushing rewards cards given their popularity with consumers. The catch is that the cards being offere...
Lesley Stern | Posted 12.16.2009 | Comedy
If you happen to have some spare sanitary napkins around, or know where you can borrow some, you've got the makings for some cushy slippers with non-slip grip strips and a built in deodorant feature for fresh feet.
HuffingtonPost.com | Arthur Delaney | Posted 12.11.2009 | Business
Next February, the credit card reforms signed into law by President Obama earlier this year will finally take effect. Goodbye arbitrary rate hikes. He...
Linda R. Monk, J.D. | Posted 12.04.2009 | Business
There used to be laws in America against usury, the practice of gouging a debtor with outrageous interest rates all for the sin of being poor. There can be again, if we demand it.
deadline.com | Nikki Finke | Posted 12.02.2009 | Business
The Federal Reserve announced it is sponsoring 45-second advertisements in movie theaters with tips to help shoppers avoid unnecessary credit card cha...
AP | Posted 12.02.2009 | Business
NEW YORK — Struggling credit card holders fell behind on their payments in October at the highest rate in five months, according to Fitch Rating...
Posted 11.30.2009 | Business
NEW YORK (EILEEN AJ CONNELLY - AP) -- Bank of America is sending its credit card customers a one-page letter with a simple explanation of the interest...
AP | EILEEN AJ CONNELLY | Posted 11.23.2009 | Business
NEW YORK — Consumers got more serious about paying down their credit card debt this summer, a time when deliquencies usually go up. Cardholders...
Patrice Peyret | Posted 11.23.2009 | Business
Given the misdeeds of the banking industry, the financial services sector could make huge improvements simply by focusing on serving the ill-served with better, faster and cheaper products.
AP | CANDICE CHOI | Posted 11.20.2009 | 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...
Jeanne Kelly | Posted 11.18.2009 | Business
Credit is sort of like a healthy body. You've got to use it to have it and you've got to use it well and on an on-going basis to have it be stellar.
Melissa Plaut | Posted 11.17.2009 | New York
When you swipe your card, the driver has to pay a hefty 5% extra. Why are New York's cabbies paying so much? Because of all the middlemen. A few people are making truckloads of money on drivers' backs.
businessinsider.com | Lawrence Delevingne | Posted 11.11.2009 | Business
Credit card companies are already finding new ways to get rich at your expense, all while racing to increase penalties and other charges before Februa...
HuffingtonPost.com | Shahien Nasiripour | Posted 11.10.2009 | Business
The nation's second-largest bank said a new law that limits unfair rate hikes and hidden fees will cost it as much as $750 million a year. JPMorgan...
nytimes.com | MICHAEL M. GRYNBAUM | Posted 11.09.2009 | New York
New York's cabbies howled when the city began forcing them to take credit cards. Some even went on strike, calling the requirements a kowtow to touris...
AP | JEANNINE AVERSA | Posted 11.09.2009 | Business
WASHINGTON — Banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate hikes, the F...
Sen. Mark Udall | Posted 11.06.2009 | Politics
Families and small businesses are hurting during these tough times, and I find it unconscionable for credit card companies to game the system and jack up already high interest rates even higher.
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.
Adam Hanft | Posted 10.31.2009 | Living
The fact that 80% of the recent jobs lost were held by men; people who have volunteered for Bloomberg's third term bid; getting Facebook invitations from people who campaigned for Eugene McCarthy.
HuffingtonPost.com | Arthur Delaney | Posted 10.30.2009 | Business
Jane Padgett couldn't believe it when the company that sells her dog's medicine said her credit card had been denied. When she called Bank of America,...
David A. Love | Posted 10.29.2009 | Books
Throughout history we have witnessed the ways in which societies compromise their legal systems to oppress the many, benefit the few, and sanction the unconscionable.
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.
AP | ANNE FLAHERTY | Posted 10.26.2009 | Business
WASHINGTON — Senate Banking Committee Chairman Chris Dodd, who is fighting for his political survival, proposed Monday an immediate interest rat...
AP | Posted 12.30.2009 | Business