Debt collectors perform a useful function. They recover scads of bad debt for creditors -- an estimated $40 billion worth in 2007 -- that helps keep l...
nytimes.com | ANDREW MARTIN | Posted 07.20.2009 | Business
Louis Licata has shelved plans to hire three more employees for his Cleveland law firm. Jeannie Macone, of Florida, is cutting back on inventory for h...
Sen. Fritz Hollings | Posted 07.19.2009 | Politics
Politics is like cancer -- if you don't catch it in time, you don't have a chance. If the budget deficits and deficits in jobs from offshoring are not caught now, by 2012 we'll give it back to the Republicans.
CNN | Ben Rooney | Posted 07.17.2009 | Business
Banks continue to write off credit card debt as consumers hurt by record high unemployment default at an increasing rate. Regulatory forms filed this...
nytimes.com | DAVID STREITFELD | Posted 07.17.2009 | Business
The banks were bailed out last fall, the automobile companies last winter. For Edward McClelland, a writer in Chicago, deliverance finally arrived a f...
Reuters | Posted 07.16.2009 | Business
NEW YORK (Reuters) - U.S. credit card defaults rose to record highs in May, with a steep deterioration of Bank of America Corp's lending portfolio, in...
Crain's New York Business | Hilary Potkewitz | Posted 07.13.2009 | Local
For more than a year, economists have been saying that the recession hit New York City late in the game, but recent data from TransUnion shows that po...
Jun. 8, 2009 | Julianne Pepitone | Posted 07.09.2009 | Business
NEW YORK (CNNMoney.com) -- Credit card delinquency rates jumped 11% in the first quarter, possibly indicating that consumers are using tax refunds to ...
Jun. 8, 2009 | Julianne Pepitone | Posted 07.09.2009 | Business
NEW YORK (CNNMoney.com) -- Credit card delinquency rates jumped 11% in the first quarter, possibly indicating that consumers are using tax refunds to ...
HuffingtonPost.com | Arthur Delaney | Posted 07.06.2009 | Business
Since last November, the Tompkins County Public Library in Ithaca, N.Y. has received a "cease and desist" order from an attorney general or a lawyer i...
Anneli Rufus | Posted 07.06.2009 | Living
Stop using your credit cards. But don't throw them away. Save the actual cards, because they're still useful in so many ways.
Francine Hardaway | Posted 07.06.2009 | Business
Even if they printed the disclosure in 18 point type, you wouldn't know what was going to hit you from behind. You will need to know what I've found out about banks and credit card companies.
James Boyce | Posted 07.03.2009 | Business
How did debt become as much a staple of the American family as high school football or Thanksgiving dinner? Is it possible that this single piece of plastic actually molded our culture?
ABC News | LAUREN SHERMAN | Posted 07.03.2009 | Business
Gone are the days when Americans didn't think twice about splurging on a second pair of Italian-made leather brogues, a flat-screen TV for the bathroo...
Jim Randel | Posted 07.02.2009 | Business
Let's use our energies and experience not to prevent young adults from having access to debt but rather to educate them as to how to use debt responsibly.
Lesley Stern | Posted 06.29.2009 | Comedy
Many banks won't accept deposits of less than $100. Those that do tend to get a little uppity when presented with a deposit in 20 lbs. of rolled pennies.
Christopher Brauchli | Posted 06.27.2009 | Politics
The NRA is never concerned who its legislative companions are so long as it gets what it wants. It did.
Posted 06.27.2009 | Comedy
Recently, the Senate approved legislation curbing the most egregious practices of credit card companies, after President Obama pushed the bill designe...
Jim Randel | Posted 06.26.2009 | Business
To expect the government to cover all potential sink holes and then pull us out when we get in one, is silly.
Rachel Natelson | Posted 06.26.2009 | Politics
While "tangible inducements" to minors may now be a forbidden tactic in credit card marketing, military recruiters continue to ply students with key chains, hats, and t-shirts in pursuit of their goals.
Baltimore Sun | Liz F. Kay | Posted 06.24.2009 | Business
Ready access to credit, coupled with teaser interest rates, generous reward programs, grace periods and the absence of annual fees enticed many Americ...
AP | PHILIP ELLIOTT | Posted 06.22.2009 | Politics
WASHINGTON — President Barack Obama warned overeager shoppers and greedy credit card companies alike on Friday to act responsibly as he signed i...
HuffingtonPost.com | Arthur Delaney | Posted 06.21.2009 | Business
Consumer advocates have praised Congress for its swift passage of the credit card reform bill currently awaiting the president's signature. The bill w...
Don McNay | Posted 06.19.2009 | Business
Unless someone is capable of changing the American psyche, people are going to go back to their old spending habits.
Jim Jaffe | Posted 06.19.2009 | Business
There's a word that describes people who spend money -- whether they use cash or cards. That word is customer.
HuffingtonPost.com | Arthur Delaney | Posted 07.23.2009 | Business