Credit Cards

Credit Card Delinquencies Up November, More Borrowers Struggling: Moody's

AP | Posted 12.30.2009 | Business


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-...

How to Save $11 Billion on Checking Account Fees in 2010

Patrice Peyret | Posted 12.29.2009 | Living


Patrice Peyret

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.

Banks Now Charging A Lot More For Credit Card Rewards

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...

How to Live on $0 a Day: Top Gift Ideas for 2009

Lesley Stern | Posted 12.16.2009 | Comedy


Lesley Stern

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.

Arthur Delaney

Credit Card Abuses Won't Stop After Reform Takes Effect: Report

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...

The Credit Card as Company Store: How Congress Let It Happen

Linda R. Monk, J.D. | Posted 12.04.2009 | Business


Linda R. Monk, J.D.

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.

Federal Reserve-Sponsored Commercials Coming To Movie Theaters

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...

Credit Card Delinquencies Hit Five-Month High In October

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...

BofA Credit Card Terms: Bank To Spell Out New Interest Rates And Fees

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...

Credit Card Delinquencies Fell In Third Quarter

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...

Unhappy With Your Bank? Blame Silicon Valley

Patrice Peyret | Posted 11.23.2009 | Business


Patrice Peyret

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.

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

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...

Now Is Not the Time To Stop Using Your Credit

Jeanne Kelly | Posted 11.18.2009 | Business


Jeanne Kelly

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.

Cash or Credit? In a Taxi, It Depends Which Side of the Partition You're On

Melissa Plaut | Posted 11.17.2009 | New York


Melissa Plaut

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.

Credit Card Fees: 10 Ways Credit Card Companies Are Still Ripping You Off

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...

Shahien Nasiripour

JPMorgan Chase Says New Credit Card Law To Cost Firm At Least Half A Billion Dollars A Year

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...

Credit Card Swipes Adding Up For Cab Drivers

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...

Credit Card Rates: Banks Plan To RAISE Rates, Annual Fees

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...

Gaming the System

Sen. Mark Udall | Posted 11.06.2009 | Politics


Sen. Mark Udall

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.

An End to the Credit Card Madness

Jose A. Garcia | Posted 11.02.2009 | Business


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.

What Really Scares Me This Halloween

Adam Hanft | Posted 10.31.2009 | Living


Adam Hanft

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.

Arthur Delaney

"I Was Blind To Let You Go": BofA Dumps Complaining Customer, Wants Her Back Two Days Later

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,...

The Lawyers Who Would Torture

David A. Love | Posted 10.29.2009 | Books


David A. Love

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.

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

Nelson Montana | Posted 10.29.2009 | 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.

Dodd Wants Immediate Credit Card Rate Freeze

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...