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Video - Your Money: New Credit Card Rules
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.
Credit-Card Users Feel Pain as U.S. Banks Reap Gain (Update1)
bloomberg.com — 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 ... (more) Credit-Card Users Feel Pain as U.S. Banks Reap Gain ...
A Hedge Fund Manager’s Holiday Card
A Hedge Fund Manager’s Holiday Card
ritholtz.com — This is what a hedgie we know is sending out as his Christmas card: > (more) A Hedge Fund Manager’s Holiday Card
The Fiendish Genius of Credit-Card Minimum Payments
freakonomics.blogs.nytimes.com — New research finds that credit-card holders pay down their debts more slowly when their statements suggest a minimum monthly installment. The Economist reports on the study, by University of Warwick psychologist Dr. Neil Stewart: Mr. Stewart presented ... (more) The Fiendish Genius of Credit-Card Minimum Payments
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marketnewslive.blogspot.com 7/15/2009 — Two of the biggest issuers in the nation - Bank of America and Chase - will soon switch some fixed-rate cards to variable rates. AP Personal Finance editor Trevor Delaney explains what this means to you.