Federal Reserve sets swipe fee cap, delays implementation
The Federal Reserve has announced the swipe fee cap will be set at 21 cents per transaction, but won't take effect until October.
Wednesday, June 29th, 2011 by By Peter Stone
Swipe fee cap by Federal Reserve may be higher than planned
The Federal Reserve will announce what it is setting the swipe fee cap at, but it could be higher than 12 cents per transaction.
Tuesday, June 28th, 2011 by By Peter Stone
Tighter regulation urged by Congress for business credit cards
Members of Congress are lobbying the Federal Reserve to regulate business credit cards more like personal credit cards.
Tuesday, June 14th, 2011 by By Peter Stone
How Can Your Credit Score Be Saved With Something As Simple As A Payday Loan?
Millions of people every year fall short on various bills and lose credit points. Payday loans are a no credit check option that can ease the pain.
Fed backs off on quantitative easing
The direction of the U.S. economy appears to be headed away from quantitative easing. Will the Fed allow a long-term solution to take hold?
Friday, June 10th, 2011 by By Steve Tarlow
Banks used free Fed money in financial crisis to profit, not lend
Free money from the Fed intended to boost lending was used to pad bank profits with sweetheart bond deals instead ...
Wednesday, April 27th, 2011 by By Thomas Hart
Jumbo mortgage loans becoming harder to borrow
Jumbo loans, or mortgages for very high amounts, are becoming rarer as mortgage credit is tightening due to Freddie and Fannie requirements.
Friday, April 22nd, 2011 by By Peter Stone
Facts About Installment Loans Everyone Should Know Before Applying Online
Are installment loans online safe and secure? Is applying a big hassle with tons of hoops to jump through? We have the facts you want to know.
Credit card use declining as more people turn to cash
Credit card use continues to decline. Fewer and fewer people are turning to the plastic because more people are trying to shed debt.
Tuesday, April 19th, 2011 by By Peter Stone
14 banks ordered to pay homeowners back for bad foreclosures
Terms of the robosigning settlement include 14 financial institutions having to repay homeowners whose homes were wrongfully foreclosed.
Wednesday, April 13th, 2011 by By Peter Stone
Federal Reserve not planning to reign in credit supply yet
Worries about inflation have caused lawmakers and financial experts to ponder whether the Federal Reserve should curb the credit supply.
Monday, April 11th, 2011 by By Peter Stone
How To Get A Cash Advance Without Providing Collateral or Submitting To A Credit Check
Credit checks can hurt your credit score and providing collateral for a loan is an unneccessary risk which can be avoided.
Legal spat over financial protection bureau continues
The legal battle over the Consumer Financial Protection Bureau continues, as legislators try to gut the agency before it starts operating.
Thursday, April 7th, 2011 by By Peter Stone
Letting banks boost shareholder dividends risks another bailout
By green-lighting more shareholder dividends, the Fed has allowed banks to increase leverage, and it could lead to bailout territory again.
Thursday, March 24th, 2011 by By Thomas Hart
Supreme Court forces Fed to fess up about discount window loans
The Supreme Court legally binds the Fed to reveal which banks took discount loans during the financial crisis and how much they borrowed.
Tuesday, March 22nd, 2011 by By Thomas Hart
How Personal Loans Online Can Prevent Your FICO Credit Score From Going Down
Traditional loans require a credit check which puts a hard inquiry on your credit report which in many cases lowers your overall credit rating.
Consumer lending still slow to recover from recession
Though there are occasional signs of life, consumer lending, especially for housing continues to be slow to recover from the recession.
Monday, March 14th, 2011 by By Peter Stone
US considers replacing paper dollar bills with dollar coins
The U.S. Government Accountability Office wants $1 bills to be replaced entirely by $1 coins. Hundreds of billions of dollars could be saved.
Tuesday, March 8th, 2011 by By Steve Tarlow
Consumers borrowing more money but not from credit cards
A recently released Federal Reserve report indicates that more people are borrowing money, but fewer of them are doing so with credit cards.
Monday, March 7th, 2011 by By Peter Stone
How To Use Short Term Loans To Get Through a Budget Crisis Wisely
Everyone finds themsevles in a budget crisis from time to time and short term loans are only the answer in some circumstances when used wisely.
Top TARP auditor Barofsky resigns as banks struggle to repay
Head TARP auditor Neil Barofsky has resigned. There are currently more than 150 TARP banks in default on their government installment loans.
Monday, February 14th, 2011 by By Steve Tarlow
Multiple Mississippi banks took bailout money, says Fed
Federal Reserve report released in December gives greater detail into how many and which banks took bailout money – and how much they took.
Tuesday, January 4th, 2011 by By Steve Tarlow
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