From the category archives:

Finance

Credit Card Accountability, Responsibility and Disclosure (CARD) Act this February 2010

December 30, 2009

According to a notice by Bank of America here are some of the changes this new act will provide
You will not be charged an Overlimit fee:
Instead the credit card company has the right to decline the transaction
You will have 25 days to pay the bill:
As stated your payment due date will be at least 25 [...]

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Your Credit Sore: What Banks Don’t Tell You

December 17, 2009

There are a variety of web sites that talk about how and what a credit score is, and a brief definition can be found here on Wikipedia.  I found out one item that is rarely mentioned and has a great effect on the impact of this 3 digit number.
First, banks simply report two items to [...]

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Banks pay back what they owe – Why am I not happy?

December 7, 2009

A recent report by the Treasury Department showed  the government expecting to regain most of the $370 billion it lent to failing banks since the finical decline, losing only $42 billion.   This is supposed to be good news since the initial reports stated the government could lose $100 billion when it started the bailout program.
So [...]

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The Fed wants its money back

November 27, 2009

It is little news that the Federal Government has given money to various banks including Bank of America, Wells Fargo and Citigroup.  About $142 billion has been paid out to nine banks alone; the above 3 plus PNC, Fifth Third Bancorp, GMAC, KeyCorp, Regions Financial and SunTrust Banks.   The Federal Reserve has started to ask [...]

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