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Fed Maintains Status Quo, Keeps Key Rate at Record Lo...
By James Gelfer on December 16, 2009 | No Comments
Earlier today Ben Bernanke, the Chairman of the Federal Reserve, announced that the Fed would be leaving the nation’s key interest rate at its current “exceptionally low” level. Since December of last year, the rate has been set at 0 to .25-percent in an effort to spur lending throughout the c... -
Credit Card Companies Hike Rates to Beat CARD ActBy James Gelfer on December 4, 2009 | No Comments
This month I opened my bank statement to find that my bank, Bank of America, had included a little note that outlined one of their new policies. It informed me that they would no longer be charging unlimited overdraft fees and would set a limit of four $35 charges per day. While this may seem like a... -
Credit Card Crackdown Imminent: How Will Card Issuers...
By Scott on June 16, 2009 | No Comments
In a move much akin to Luke Skywalker’s attack run on the Death Star, President Obama signed the so-called “Credit Cardholder Bill of Rights” that will crackdown on the malpractice of card issuers. The bill passed in both the House and the Senate with overwhelming majorities in support, and se...
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