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Think You Understand the New Credit Card Laws? Think Again

Beverly Blair Harzog | Posted 05.25.2011 | Business
Beverly Blair Harzog

as we've seen too often, when Washington tries to fix our problems, the legislation gets watered down to the point where the language is, well, wishy-washy at best.

Banks, Babies and Biases

Katherine V.W. Stone | Posted 05.25.2011 | Business
Katherine V.W. Stone

The banking industry mentality is deeply conservative -- not the kind that makes sure that loans are collateralized and deposits protected. Rather, it is a mentality produced by an out-of-date understanding of the world.

SBA Lending Tanks While Business-Loan Applications Proliferate at Sam's Club

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Amidst the foreboding headlines, there is a not-so-noticeable success story for small-business borrowers. SBA's Community Express Program continues to chug along at a brisk pace.

Dark Days Ahead

Lynn Tilton | Posted 05.25.2011 | Politics
Lynn Tilton

We need an antidote to end the plague of joblessness and that solution rests with helping America's struggling small and mid-sized businesses. America's future depends on it.

Americans' Credit Scores Are STILL Falling

AP | EILEEN AJ CONNELLY | Posted 05.25.2011 | Business

NEW YORK — The credit scores of millions more Americans are sinking to new lows. Figures provided by FICO Inc. show that 25.5 percent of consum...

Consumer Credit Shows A BIG Rise In March

AP | By MARTIN CRUTSINGER | Posted 05.25.2011 | Business


Mortgage Rates Hit 50-Year Lows But Who Cares? | Ann Brenoff | Posted 05.25.2011 | Business

The good news: Mortgage rates dropped to their lowest levels in more than 50 years. The bad news: You need to have a job and impeccable credit to get...

Saudis Block Key Climate Study

Wade Norris | Posted 05.25.2011 | Denver
Wade Norris

While there has been an orchestrated effort by Fossil Fuel lobbyists to weaken international Climate Change legislation, this is the first time a state Government has openly blocked reforms.

Interest Rates: The Era Of Cheap Credit Is Over

New York Times | Posted 05.25.2011 | Business

Even as prospects for the American economy brighten, consumers are about to face a new financial burden: a sustained period of rising interest rates....

Banks Slash Borrowing From Fed: $7.6 Billion In Fed Loans This Week

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Banks borrowed less from the Federal Reserve's emergency lending program over the past week, a fresh sign that credit problems are ...

Are Ratings Agencies Protecting the UK and US Like They Did With Mortgage Debt?

Damien Hoffman | Posted 05.25.2011 | Business
Damien Hoffman

Yesterday, S&P (MHP) reiterated the UK's AAA credit rating. That rating alone shows just how little the ratings agencies have changed since they abetted the CDO scams.

Bernanke Mulls Higher Interest Rates, Reeling In Stimulus

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — The delicate task ahead for the Federal Reserve and other central banks is deciding when to start boosting interest rates and reeli...

Don't Trust SBA or Lender Endorsed Business Plans

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Falsely promoted business plans and "plug-in-the-number-templates," will not help you get financing. There are no shortcuts to circumvent the lengthily process of doing it the right way.

Cities, States Starting To Punish Big Banks

Wall Street Journal | RUTH SIMON | Posted 05.25.2011 | Business

Fed up with the tight supply of credit, state and local governments across the U.S. are starting to punish big banks....

Congress Must Regulate 'Fed Window' to Halt the Perverse Money Flow from the People to the Bankers

Paul Abrams | Posted 05.25.2011 | Business
Paul Abrams

Banks qualifying to borrow at the "Fed Window" are receiving money at virtually zero interest rates -- and they're taking advantage of it. Money is literally going from the Fed to top banking executives' pockets.

Small Businesses Can't Get Loans From

McClatchy | Kevin G. Hall | McClatchy Newspapers | Posted 05.25.2011 | Business

Lending across the U.S. economy contracted 7.4 percent last year, the biggest such drop since 1942, according to the Federal Deposit Insurance Corp. T...

Arthur Delaney Commercials To Be Curbed, But Not Till September | Arthur Delaney | Posted 05.25.2011 | Business

Among the merciful provisions of the landmark credit card reform signed into law last year is the requirement that purveyors of phony "free" credit re...

New Credit Card Rules Crunch College Students

Youth Radio -- Youth Media International | Posted 05.25.2011 | College
Youth Radio -- Youth Media International

Originally published on, the premier source for youth generated news throughout the globe. By: Asha Richardson I'll never forget whe...

The CARD Act Is About More Than Credit Cards

Beth Pinsker | Posted 05.25.2011 | Politics
Beth Pinsker

What would you think if I told you that because of the new CARD Act, which takes affect Feb. 22, visitors to national parks can now carry licensed guns?

Visa, MasterCard Emerge From Downturn

Wall Street Journal | Posted 05.25.2011 | Business

For two companies battered by a nationwide credit crunch and consumer-spending squeeze, Visa and MasterCard have emerged surprisingly well. Visa is e...

10 Percent Of Homeowners Will Hit Major 'Walk Away' Point By June 2010

New York Times | DAVID STREITFELD | Posted 05.25.2011 | Business

After three years of plunging real estate values, after the bailouts of the bankers and the revival of their million-dollar bonuses, after the Obama a...

Obama's SOTU Problem: An Ounce of Prevention is Worth, Well, Next to Nothing

Jodie Allen | Posted 05.25.2011 | Politics
Jodie Allen

Few seem to have noticed that several economic indicators are looking downright perky.

Microfinance: Giving Kids A Little Credit Could Make Your Day

Sunny Mahant | Posted 11.17.2011 | Healthy Living
Sunny Mahant

Could you imagine waking up at 6 a.m. every day and going to work for a 14-hour workday -- when you were eight years old?

Economic Crisis Compels Economists To Reach For New Paradigm

Wall Street Journal | MARK WHITEHOUSE | Posted 05.25.2011 | Business

The pain of the financial crisis has economists striving to understand precisely why it happened and how to prevent a repeat. For that task, John Gean...

Credit Scores: Take a Lesson From Michael Jackson

Jeanne Kelly | Posted 05.25.2011 | Business
Jeanne Kelly

When I explain that most of my clients have good incomes, people become even more perplexed. Why, if they make so much money, are their FICO scores so low?