Economy

RECENT ARTICLE

What Consumers Should Know About Credit Cards

Card Insider: News that as many as 130 million debit and credit cards may have been breached highlights the growing risk of fraud. Here is what it means for consumers. Q: How can I tell if my information has been compromised? A: In almost every state, companies that suffer a data breach will have to notify customers if their personal data may have been breached. Meantime, consumers should monitor their bank and credit-card accounts and report any unusual activity to the financial institution. Q: How do I protect myself? A: First, get copies of your credit report to make sure the information is a...

CreditCardsAct on August 18, 2009 0

Share |

ALL ARTICLES

Credit Card Industry Enters a New Period

Card Insider: Consumers will get their first taste of the landmark credit card reform law this month as banks become required to give at least 45 days' notice of any significant change in their card offerings. But that's just the start. Between now and February, a whole raft of new rules will take effect aimed at leveling the playing field between card issuers and consumers, who all too often have found themselves powerless to challenge onerous and abusive lending practices. "This is the biggest credit card reform we've had in...

CreditCardsAct on August 3, 2009 0

Share |

ALL ARTICLES

Credit Card Act of 2009

Card Insider: by Jesse Lee It can be difficult to think of an issue that touches more people, or can get a rise out of more people, than credit card fine print, fees, and staggering interest rate hikes. For some it is an irritation, for others who may have already hit a rough patch, it can become a brutal weight. But as the legislation the President signed today goes into effect, those problems will phase out as normal parts of life for our friends, our neighbors, our families or ourselves. It is a sweeping bill -- as you read through the ...

CreditCardsAct on July 1, 2009 0

Share |

ALL ARTICLES

Lloyds Chairman to Step Down over HBOS Merger

Card Insider: Victor Blank is to step down as chairman of Lloyds Banking Group in the next year, following intense criticism of his part-nationalized British bank's purchase of troubled rival HBOS. This year's takeover of HBOS has saddled Lloyds [LLOY-LN 94.15 5.00 (+5.61%)] with billions of pounds of losses from HBOS's more risky loan book, forcing the government to provide rescue funds and prompting investors to call for Blank to quit. Lloyds said on Sunday the decision to retire was Blank's, and its board was unanimous in wanting him to seek re-election for another three years. Blank's...

CreditCardsAct on May 21, 2009 0

Share |

ALL ARTICLES

Budget deficit to top $1.8 trillion

Best Cards: WASHINGTON - With the economy performing worse than hoped, revised White House figures point to deepening budget deficits, with the government borrowing almost 50 cents for every dollar it spends this year. The deficit for the current budget year will rise by $89 billion to above $1.8 trillion - about four times the record set just last year. The unprecedented red ink flows from the deep recession, the Wall Street bailout, the cost of President Barack Obama's economic stimulus bill, as well as a structural imbalance between what the government spends and what it takes in. As the economy ...

CreditCardsAct on May 21, 2009 0

Share |

ALL ARTICLES

Balance Transfer Offers and Fees You Must Know About

Money Saver: Balance transfer offers that seem unbelievable probably are. Lenders do not make offers that they won't benefit financially in some way. In fact, they are hoping that people who accept transfer balance offers won't pay attention to the details. But that’s where potential pitfalls are – in the fine print. Balance Transfer Fees Most offers tod...

CreditCardsAct on May 19, 2009 0

Share |

ALL ARTICLES