Archive for May, 2009
Congress Sending Obama Bill To Tighten Credit Card Regulation (CQPolitics.com via Yahoo! News)
By admin on May 21st, 2009
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Riding a wave of public anger, the House was poised Wednesday to clear legislation that would curb a number of credit card practices that the White House and consumer advocates have denounced as abusive.
Congress sends Obama bill cutting credit card abuses (USA Today)
Congress has sent President Barack Obama a bill with sweeping new rules for the credit card industry that will affect just about every American.
House passes credit card reform bill (AP via Yahoo! News)
The House has passed legislation that would impose sweeping new restrictions on the credit card industry.
Congress sends Obama bill cutting credit card abuses (USA Today)
By admin on May 20th, 2009
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Congress has sent President Barack Obama a bill with sweeping new rules for the credit card industry that will affect just about every American.
Debt consolidation loans
This article is going to be an overview regarding debt consolidation loans to help you determine if the loan is right for you. A debt consolidation loan is a little different than a mortgage. A debt consolidation loan may have collateral towards the loan or it may be an unsecured loan. An unsecured loan means there is no collateral in the event that you default. You will also find that the unsecured loan offers a higher interest rate than the secured loans like mortgages because of the higher risk you pose to the lender. With debt consolidation loans you have a goal. You want to ease your financial strain, reduce your stress, and gain a better monthly payment. There are a couple of ways you can do all three with debt consolidation loans. The first thing you want to do is be smart. Any debt that you owe, which charges a small interest rate or has no interest rate should not be included in the debt consolidation loan. You also want to check your different options. You may find refinancing your mortgage into a debt consolidation loan offers a lower interest rate than the straight debt consolidation loan without collateral. In fact this can almost be a guaranteed statement. You aim is a lower interest rate on high debt loans such as credit cards, mortgages, home equity loans, personal loans, and car loans. When you seek debt consolidation loans through a lender you need to make sure the interest rate they offer you is lower than your other debts. For instance if you can get a debt consolidation loan for 12%, but your mortgage is at 6.5% you may find upon doing a calculation that you are not saving enough money to make the change in loans worth it. You may also find that any credit card, car loan, or personal loan that is above 12% can be rolled into a debt consolidation loan and save you money. Even if you can’t get your expenses per month down to one low monthly payment, combining three or four high interest loans into one lower monthly payment and less interest is actually going to save you more money, than continuing as you are. It is always better to reduce some of the stress and financial strain. Whenever you decide to obtain a debt consolidation loan you need to make sure you are gaining the better end of the deal, by doing several calculations regarding your finances.
Federal Reserve: Agricultural credit tightened - WTOP Radio
By admin on May 19th, 2009
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WICHITA, Kan. (AP) - More lenders are tightening their restrictions for agricultural loans in the Midwest at the same time that repayments on loans have dropped, The Federal Reserve Bank of Kansas City says. The Federal Reserve reported Friday that …
U.S. Senate backs limits on credit-card rate hikes, practices - Birmingham Business Journal
The U.S. Capitol in Washington, D.C. Labor Dept. to add 670 investigators Biz coalition pushes state reform agenda Colorado senators back limits on credit card rate hikes, practices Business groups differ on credit card controls The U.S. Senate …
Senate passes credit card overhaul - Baton Rouge Advocate
WASHINGTON (AP) — The Senate voted overwhelmingly on Tuesday to rein in credit card rate increases and excessive fees, hoping to give voters some breathing room amid a recession that has left hundreds of thousands of Americans jobless or facing …
Senate passes credit card overhaul bill (AP via Yahoo! News)
By admin on May 19th, 2009
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The Senate voted overwhelmingly on Tuesday to rein in credit card rate increases and excessive fees, hoping to give voters some breathing room amid a recession that has left hundreds of thousands of Americans jobless or facing foreclosure.
Senate votes to limit credit card rate changes (USA Today)
The Senate approved a bill Tuesday to overhaul much-criticized credit card practices, putting the changes one step closer to being signed into law by President Obama.
A Consumer?s Guide to the New Credit Card Rules (New York Times)
A primer on the new restrictions that credit card companies face, and some reassurances on those rewards programs.
Bruins credit patience with turning around their fortunes - Providence Journal
By admin on May 13th, 2009
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RALEIGH, N.C. In the three games that the Carolina Hurricanes won in this NHL playoff series, the Boston Bruins were outscored 10-3. But the trend has shifted in the past two games, and Boston has outscored Carolina 8-2. We dug ourselves a …
MGM Mirage amends credit facility, plans offering - Reuters
(Reuters) - MGM Mirage ( MGM.N ) said it obtained a waiver and amended its senior credit facility, requiring the casino operator to offer up to $2.5 billion in stock and notes. As part of the amendment, MGM Mirage would privately place $1.5 billion …
Time is now for credit card reform - Fosters Daily Democrat
President Obama is demanding Congress send him a bill by the end of the month to stop consumers from getting ripped off by credit card companies. In an odd sort of way some of the major credit card companies are doing their best to prod …