The Bad Paper Chase

And the handout/buyout craze continues. The Federal Reserve said Tuesday it will buy up to $600 billion in mortgage-backed assets in another attempt ... obligations from mortgage giants Fannie Mae and Freddie Mac as well as the Federal Home Loan Banks ... also unveiled a new program to help unfreeze the market that backs consumer debt such as credit cards [more...]

Date: 2008-11-26 00:46:42

Blog posts (10) | Videos (32)
 

Gas-Saving Moment of the Day: Gas Credit Cards

Gascredit Gas credit cards can save you money at the pump ... dropping to a less-helpful 3%. Also be aware that credit card companies can basically change ... . Some cards offer rebates as high as 5% on gasoline, but don't be a mindless consumer — pay [more...]

Date: 2008-07-18 12:01:35

Sellers think you don't have to lower prices or offer closing help? The next shoe is dropping, this time Credit Cards!

With the stock market down big today and oil back up I have to admit it's been a downer of a week. I did have to chuckle though today in reading this story about just how bad it's getting for the banks. Lenders have long relied on consumers' credit scores to decide whether to approve card [more...]

Date: 2008-06-21 05:23:51

Where's The Consumer Interest Tax Deduction?

by Deacon Blues Mike Lillis of the Washington Independent gives us a good piece on credit card reform, noting the (to be expected) ... the taxpayers for the biggest swindle in history with the TARP. It appears that the Democrats once again ... that would help taxpayers now without pissing off the ABA. Since Bush's credit-card foreign policy [more...]

Date: 2008-12-23 20:05:56

This sounds less bad

I doubt anyone can know how much it might help, but the desperation apparent in this move should be obvious. From Bloomberg: The U.S ... it improves auto sales much. Maybe people pay off some credit cards and take some classes ... up the consumer-finance market, using money from the government’s $700 billion rescue, two people familiar [more...]

Date: 2008-11-25 05:46:00

Product Management Question Corner: Sean O’Neill, uTANGO

Psst…Hey kid. Wanna learn a little somethin’ about Product Management? I know a guy who knows this guy who can help ... of Product Development and Operations.  We developed and operate the world’s richest consumer credit-card [more...]

Date: 2008-12-15 13:42:59

paying tuition to life

Have you ever loaned money to a friend or family member? Did you really loan it or was it borrow? ... student he ran up credit cards, drove a a fancy car, and took out student loans, etc.  He was a ROTC ... my parents weren’t helping me, but had preached no consumer debt. Plus I had student loans. Anyway [more...]

Date: 2008-10-21 13:00:30

List Brokers Help Telemarketers Defraud Consumers

... from list brokers. This industry is regulated in part by the FTC. The recent FTC judgment against ... assisted and facilitated telemarketers of fraudulent "advance-fee" credit cards by providing them [more...]

Date: 2008-10-09 01:52:08

Credit Card Laws and Court Rulings–Have They Helped Consumers?

This is a guest post by Bill Hardekopf, CEO of LowCards.com . Congress passed the Credit CARD Act in May but gave issuers and banks almost one year to implement the major provisions of the bill. Since then, issuers did exactly what they threatened to do–raise rates and fees on a broad group of cardholders. Consumers and elected officials are not happy about this, and members of Congress plan to introduce a bill to accelerate the effective date of the bill from February 22, 2010 to December 1, 2009. [more...]

Date: 2009-09-25 19:18:38

The Fed Should Buy Down Consumer Credit Card Rates - Fast

Lets say I owe the bank behind my credit card  1k dollars and Im paying  10pct interest because the best I can do is a little bit more than the ... that I have my credit card  with and charge it 5pct plus some warrants to in turn loan that money back ... with to help save people’s homes, are many of the same banks that are pounding credit card holders [more...]

Date: 2008-10-24 23:38:36

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