bloomberg.com - 12/18/2008
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Dec. 18 (Bloomberg) -- Credit-card companies, facing an increase in defaults and a decline in consumer spending, are raising some rates, adding fees and cutting credit lines as the Federal Reserve is poised to make the most sweeping changes to the industry in 30 years. The provisions, to be ...
marketnewslive.blogspot.com - 12/24/2008
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marketnewslive.blogspot.com —
Federal regulators have adopted sweeping new rules for
the credit card industry that will shield consumers from...
increases in interest rates on existing account balances. AP Personal Finance Editor Trevor Delaney explains.
(more)
Video - Your Money: New Credit Card Rules
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Credit-Card Users Feel Pain as U.S. Banks Reap Gain
IEHI Feed: The Hedge Fund Implode-o-Meter —
Search Enter your search terms Web HF Submit search form 2008-12-18 "Credit-card companies, facing an increase in defaults and a decline in consumer spending, are raising some rates, adding fees and cutting credit lines as the Federal Reserve is poised to make the most sweeping changes to the industry in 30 years." go to full article | ...
Bawahahahahaha Change? Where?
The Market Ticker —
... Oh, and don't think that ZIRP means your credit card rates will be going down any time soon. That's ain't happening, according to Bloomberg: ...
Links 12/19/08 (And Happy Birthday to This Blog!)
naked capitalism —
We are two years old today! Thanks to all you great readers! AstraZeneca row as corruption claims engulf Nobel prize Times Online To Avoid Paying $25 Million, Insurance Co Claims Smoke Killing 3 In Fire Was "Pollution" Consumerist Credit-Card Users Feel Pain as U.S. Banks Reap Gain Bloomberg Tax Break May Have Helped Cause Housing Bubble New York Times The Cut That Guts Robert Robert Cyran, BreakingViews (free trial). Argues that the Fed's super-low rate policy will hurt ...
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At ...
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politicalnewslive.blogspot.com 4/24/2009 — President Barack Obama said Thursday he is determined to get a credit-card law that eliminates the tricky fine print, sudden rate increases and late fees that give millions of consumers headaches. AP's Mark Smith reports.
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