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Credit Cards

The Lawyers Who Would Torture

David A. Love | Posted 10.29.2009 | Books

Read More: Geneva Conventions, Tarp, George Bush, U.S. Economy, Law, Elizabeth Warren, Judges, David Cole, Economy, Books, Foreign Affairs, Economic Crisis, Rule of Law, George W. Bush, Ponzi Scheme, CIA Torture, Credit Crisis, Credit Cards, John Yoo, Foreign Policy, John Yoo Memo, Politics, Human Rights, Cia, Torture Memos, Torture, Books News
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.

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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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Dodd Wants Immediate Credit Card Rate Freeze

AP | ANNE FLAHERTY | Posted 10.26.2009 | Business

Read More: Credit Card, Credit Card Rates, Credit Card Rates Freeze, Chris Dodd, Banks, Credit Cards, Business News

WASHINGTON — Senate Banking Committee Chairman Chris Dodd, who is fighting for his political survival, proposed Monday an immediate interest rat...

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Arthur Delaney

Ann Minch To Chase Bank: "Are You Stupid?" (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 10.26.2009 | Business

Read More: Ann Minch, Chase Bank, Debtors Revolt, Credit Crisis, Credit Cards, Business News

Ann Minch has a question for Chase Bank after it raised the interest rate on her credit card to 21.24 percent. "Are you stupid? Chase Bank, are you s...

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Shahien Nasiripour

Ed Yingling: Banking Industry's Top Defender Got It Wrong Over and Over Again

HuffingtonPost.com | Shahien Nasiripour | Posted 10.26.2009 | Business

Read More: Aba, Financial Reform, Lobbyists, Cfpa, Credit Cards, Heather Booth, Americans for Financial Reform, Consumer Financial Protection Agency, Edward L. Yingling, Ed-Yingling, Overdraft Fees, Financial Crisis, Banks, Bank Lobbying, Edward Yingling, Ed Yingling, Financial Regulation, American Bankers Association, Business News

As the American Bankers Association gathers for its annual convention in Chicago amid hundreds of protesters, and sets off to kill or at least defang ...

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Credit Cards or Credit Crash? The Assault on Consumers Continues

Georges Ugeux | Posted 10.23.2009 | Business

Read More: Dow Jones, Bank of America, Citibank, Obama Administration, Credit Limits, Comptroller of the Currency, Economic Recovery, Credit Cards, Debit Cards, Business News
Georges Ugeux

Banks' behavior demonstrates that their refusal to act responsibly is endless and that they certainly have not learned their lesson. We need a consumer finance agency to protect credit card holders.

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Congressional Fail: Don't Let Congress Take Credit

Harry Moroz | Posted 10.23.2009 | Politics

Read More: Consumer Protection, Credit Cardholders Bill of Rights, Congress, Senator Dodd, Credit Cards, Rep. Maloney, Credit Card Accountability Responsbility and Disclosure Act, Financial Regulation, Politics News
Harry Moroz

Even as consumers suffer the housing crisis and an abysmal job market, they face the prospect of hundreds or even thousands more dollars of credit card debt because of Congress.

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My Action Plan: 15 Things Every American Can Do Right Now

Michael Moore | Posted 10.22.2009 | Politics

Read More: Cooperatives, Newspapers, Twitter, Civil Disobedience, Evictions, Credit Crisis, Credit Cards, Media, Facebook, Democratic Party, Green Energy, Single Payer, Barack Obama, Movies, Campaign Finance, Michael Pollan, Wall Street, Michael Moore, Protest, Sarah Palin, Showdown-in-Chicago, Financial Crisis, Capitalism: A Love Story, Universal Health Care, Climate Change, Foreclosure, Medicare, Unions, Global Warming, Politics News
Michael Moore

I have 15 things we can all do right now to fix the very broken system in this country and to fight back against those who have brought us to where we are. C'mon people -- we can do this!

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Shahien Nasiripour

Fed Chair Balks At Speed-Up Of Credit-Card Rules

HuffingtonPost.com | Shahien Nasiripour | Posted 10.21.2009 | Business

Read More: Federal Reserve, Credit Cards, Fed, Bernanke, Business News

Federal Reserve Chairman Ben Bernanke has told Congress that accelerating the effective date of credit card reform legislation would be good for consu...

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Boost Your Credit Score

Jeanne Kelly | Posted 10.26.2009 | Living

Read More: Mortgages, Credit Cards, FICO Score, FICO Advice, Credit Lines, Loans, Fico, Home Equities, Second Mortgage, Credit Limit, Home Equity Loan, Financial Advice, Living News
Jeanne Kelly

Because 30% of your FICO score is based on amounts owed on revolving credit, I can't say it enough: watch your balances!

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Citi Closing Mastercards Without Warning

msn.com | Posted 10.21.2009 | Business

Read More: Citi, Phillips Conoco, Exxon Mobile, Credit CARD Act, Exxonmobil, L Mastercard, Gas Cards, Citbank, Master Card, Credit Cards, Shell, Citgo, Shell Oil, Banks, Business News

AP - NEW YORK - Shannon Burdette tried to pay with her Shell Mastercard after filling up her gas tank this weekend but found the card rejected. Confu...

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Credit Card Companies Are Sending Out Early Holiday Gifts

Eva Norlyk Smith, Ph.D. | Posted 10.20.2009 | Business

Read More: Credit Card Reform, Credit Cardholders Bill of Rights, Credit Card Bill, Credit Card Companies, Credit Card Rates, Credit Cards, Credit Card Debt, Citigroup, Credit Card Fees, Business News
Eva Norlyk Smith, Ph.D.

While Congress is calling on credit card companies to stop hiking interest rates before the new Credit CARD act goes into effect, Citigroup just sent me a letter with a monstrous interest rate hike.

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Arthur Delaney

Suze Orman Hails The "Debtors' Revolt" Movement (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 10.19.2009 | Business

Read More: Credit Cards, Debtors Revolt, Bailout, Suze Orman, Ann Minch, Business News

Personal finance guru Suze Orman gave top billing to the fledgling "debtors' revolt" movement on her eponymous CNBC show Saturday. "There is a pheno...

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The Credit Card Act of 2009: Five Ways It Will Affect You

Manisha Thakor | Posted 10.19.2009 | Business

Read More: Budgeting, Debt, Saving, Personal Finance, College Student Credit Cards, Credit Cards, Credit Card Debt, Business News
Manisha Thakor

Thanks to the Credit Card Act of 2009, relief from credit card debt is on its way. Come February 22, 2010 there will be new consumer protections put in place. This legislation has something for everyone.

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House Panel Exempts Over 8,000 Banks From Oversight

New York Times | Stephen Labaton | Posted 10.15.2009 | Business

Read More: Oversight, Mortgages, Credit Cards, Banks, Loans, Consumers, Consumer Protection, Business News

Bowing to political pressure from community bankers, the House Financial Services Committee approved an exemption on Thursday for more than 98 percen...

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How to Live On $0 a Day: Bailouts for the Rest of Us

Lesley Stern | Posted 10.15.2009 | Comedy

Read More: Michael Jackson, Gold, Economic Crisis, Humor, Economy, Credit Cards, Recession, Lawsuit, Conan O'Brien, Bailout, Satire, Oxycontin, Financial Crisis, Extortion, Comedy, David Letterman, Insurance Companies, Emotional Damage, Pharmaceutical Industry, Banks, Depression, Windfall, Health Insurance, Healthcare, Comedy News
Lesley Stern

It doesn't really matter why you need the money, all you know is that life as you know it will cease to exist if you don't get your hands on a big chunk of cash. Yesterday.

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JPMorgan Earnings: Bank Posts $3.6 Billion Profit, Despite Big Loan Losses

AP | STEPHEN BERNARD | Posted 10.14.2009 | Business

Read More: Banks, Jamie Dimon, Credit Cards, Jpm, Wall Street, JMorgan Chase, Jpmorgan, Business News

NEW YORK — JPMorgan Chase & Co. reported strong third-quarter earnings Wednesday as its thriving investment banking business more than offset rising loan losses that the bank warned would continue for the foreseeable future.

JPMorgan, the first of the big banks to report earnings for the July-September period, reported a $3.59 billion profit but also said it roughly doubled the amount of money it set aside for failed home and credit card loans in the quarter.

The bank's stock rose on the news, helping to lift the overall market and send the Dow Jones industrials above 10,000 for the first time in a year. Still, JPMorgan's performance shouldn't be taken as a forecast for how well other banks did during the quarter. Many financial companies don't have such big investment banking operations, which includes trading of stocks and bonds and allowed JPMorgan, the nation's largest bank by assets, to overcome its loan losses.

Bart Narter, a senior vice president at consulting firm Celent, said JPMorgan's results showed a clear trend that "Wall Street is picking up quite smartly, while Main Street continues to suffer."

Banks including JPMorgan have predicted for some time that their loan losses would keep rising. And in JPMorgan's earnings statement, CEO Jamie Dimon confirmed that this trend continues.

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It's Time to Teach Children About Money

Don McNay | Posted 10.12.2009 | Business

Read More: Keen Johnson, Kentucky Governor, Kentucky Guardianship Administrators, Children, Have and Have Nots, School Curriculum, Rowman & Littlefield, Cell Phone, Gambling, Bailout, Lexington KY, Dollar, Grade School, Timothy Geithner, Happy Chandler, Financial Meltdown, Great Depression, McNay Settlement Group, Ipod, Educators, Ky, Clu, Savings Rate, Education, Louisville, Son of a Son of a Gambler, Million Dollar Round Table, High School, Ben Bernanke, Teachers, Investments, John Mellencamp, Frugal, Main Street, Darwin, Keen Babbage, Financial Crisis, The American College, Richmond, Personal Finance, Impact, Casinos, Msfs, Structured Settlement, Lottery, Chfc, Handling Money, Kentucky, Payday Loans, Don McNay, Hank Paulsen, Slot Machines, Recession, Henry Clay High School, Credit Cards, Wall Street Bailouts, Wall Street, Vanderbilt University, Eastern Kentucky University, Certified Structured Settlement Consultant, Cssc, Extreme Economics, Too Big to Fail, Payday Leading, Business News
Don McNay

I'm convinced that most of the mistakes made handling money result from lack of information and bad habits formed in childhood.

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How to Live on $0 a Day: Financial Doldrums Got You Down? Look on the Bright Side

Lesley Stern | Posted 10.10.2009 | Comedy

Read More: Depression, Humor, Glasses, Economy, Cut-Backs, AT&T, Economic Crisis, Jobs, Credit Cards, Recession, Home, Advice, Yogurt, Silver Lining, Cut Backs, Electricity, Satire, Financial Crisis, Food, Foreclosure, Dolce and Gabbana, Teeth, Health Care, Comedy, Phone Service, Comedy News
Lesley Stern

Pre-stirred yogurt: This was one of the first costly luxuries I gave up. Yes, it's exhausting having to actually stir the yogurt flavoring, but it's a great way to combine breakfast and exercise.

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Bloody Peasants

Richard Zombeck | Posted 11.12.2009 | Politics

Read More: Henry Paulson, Capitalism: A Love Story, Credit Cards, Michael Moore, Ocwen, Monty Python, Politics News
Richard Zombeck

Dead Peasant Policies are life insurance policies a company takes out on its employees in order to collect the payoff if and when the employee dies... The concept of peasants isn't foreign or new to me...

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Arthur Delaney

Debtors' Revolt: Bank Of America Cuts Deal With Another YouTuber

HuffingtonPost.com | Arthur Delaney | Posted 10.09.2009 | Business

Read More: Interest Rates, Debtors Revolt, Bailout, Bank of America, Credit Cards, Customer Service, Business News

Got a gripe with Bank of America? Put it on YouTube. Ben Frasier of Douglas, Ore. said in a YouTube video that he wouldn't make any more payments ...

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Thanks, Mr. Banker, for My Overdraft Protection!

Fortune's Stanley Bing | Posted 10.08.2009 | Business

Read More: Bankers, Overdraft Protection, Debit Cards, Scams, Credit Cards, Banking, Overdraft Fees, Banks, Consumer Protection, Business News
<i>Fortune</i>'s Stanley Bing

I wonder what new things the bankers will think of next to help and protect us. One thing's for sure. I know they're thinking of something.

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Wells Fargo Credit-Card Rates To Rise Ahead of Law

bloomberg.com | Peter Eichenbaum | Posted 10.07.2009 | Business

Read More: Credit Card Rates, Credit Cards, Credit, Wells Fargo, Barney Frank, Business News

Oct. 7 (Bloomberg) -- Wells Fargo & Co. plans to raise interest rates on a majority of credit-card customers by 3 percentage points before new rules l...

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Shine the Light on American Express as it Puts the Squeeze on Small Business

Susan Wilson Solovic | Posted 10.07.2009 | Business

Read More: Open, American Express, Small Business, Credit Cards, Small Business Credit, Nbc, Credit, Shine a Light Contest, Business News
Susan Wilson Solovic

While American Express is spending bundles on marketing their brand, they are putting the squeeze on the small businesses they would like you to believe they want to help.

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Arthur Delaney

Debtors' Revolt: Former Bank Of America Employee Boards The Bandwagon (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 10.09.2009 | Business

Read More: Wall Street Bailout, Credit Cards, Debtors Revolt, Bank of America, Bailouts, Banks, Wall Street, Recession, Down Not Out, Business News

A former Bank of America employee has joined the fledgling "debtors' revolt" movement. "I was an assistant branch manager for Bank of America for two...

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