(download) Click here to download: key-elements-of-the-credit-card-act-of-2009-EbIhudfswxDivFxryArJ.zip (30 KB) Bans Unfair Rate Increases: Financial institutions will no longer raise rates unfairly, and consumers will have confidence that the interest rates on their existing balances will not be hiked. Bans Retroactive Rate Increases: Bans rate increases on existing balances due to "any time, any reason" or "universal default" and severely restricts retroactive...
Bank of America, can I help you? Customer: Yes, I want to cancel my account. I don't want to do business with you any longer. The Bank: Why? Customer: You're giving credit to illegal immigrants...
If economic forecasters are to be believed, the recession is nearing an end. As rumblings of the nation’s imminent recovery grow louder, workers and employers are gearing up for the post-recession job market. Despite unprecedented job loss in most sectors, growth and stability are positive in education, healthcare, government, and green businesses. And—the financial sector’s bloodletting notwithstanding—jobs will return to that industry, particularly in risk management, according to Professor Robert, director of...
By Lewis Green Credit card debt is one of the many foes consumers may face as they deal with budgeting and saving money, though a recent report shows that their debt fell in November.According to the Federal Reserve System, the total amount of consumer credit fell at an annual rate of 8.5 percent in November, which translates to a total of $17.5 billion. That furthers a trend that has seen total consumer credit dropping since the fourth quarter of 2008.Both revolving and nonrevolving credit decreased during the...
Banks Roll Out New Check, Card Fees By Robin Sidel , On Saturday January 2, 2010, 2:08 am EST The nation's banks will be bombarding customers with new fees and products in 2010 as they try to replace more than $50 billion in revenue wiped out by new rules that clamp down...
12.16.09 By Nicholas Storie People who are struggling to tend to their credit score and other personal financial matters in the coming year may find that they are facing mixed prospects. For example, a recent report from TransUnion says that the number of auto loan delinquencies is expected to rise to about 0.92 percent of the total by the end of 2010, marking a 7 percent gain over the current 0.86 percent level. The report noted that California is the only state that can expect to see delinquencies fall by the...
"The assistance to banks, once thought to cost the taxpayers untold billions, is on track to actually reap billions in profit for the taxpaying public." -- President Obama, December 8, 2009 "But like many other big banks, Bank of America is once again making money, in large part through Wall Street businesses like trading stocks and bonds, rather than by making loans." -- New York Times, December 29, 2009 After a year of holy hell we may be witnessing an economic miracle: The Bank of America, so recently...
NACA’s historic Save the Dream Tour has been an incredible success with over 350,000 participants in eleven cities and many thousands of homeowners receiving same day solutions. Most people have had their mortgages payments permanently reduced by over $500 and many by over $1,000 a month often with interest rates reduced to 3% or 2% and sometimes a principal reduction. NACA has legally binding agreements with all the major lenders / servicers to achieve this. All of NACA’s services are FREE. *New York City...
1. Check Your Credit Before the Holidays A single error on your credit report can take a major toll on your credit score. And the last thing any of us want is to be declined at the register when trying to purchase gifts on a credit card. Before you start shopping, check your credit report to make sure there are no errors. If you spot something that’s wrong, Eye On Your Credit can help! 2. Don’t Let the Retail Credit Card Offers Tempt You at Checkout We’ve all been there. You step up to the register at a retail...
Repairing For Your Future
Theme created for Posterous by Obox
