Low CD rates prompt consumers to pay off credit cards

Extremely low CD rates have encouraged many consumers to funnel their money into paying off high-interest debt like credit cards.
Close-up of a checkbook register that reflects multiple credit card payments, including one marked “payoff.”
Tuesday, June 21st, 2011 by
By Steve Tarlow

Credit unions enter the payday loan business

Many credit unions are now offering short term, high interest loans similar to payday loans, and the practice is getting mixed reactions.
Credit union sign
Friday, June 3rd, 2011 by
By Ron Ford