Why credit card issuers are upset about new consumer protection rules

The Federal Reserve and two other regulating agencies at the start of May, 2000, proposed a set of new rules and regulations aimed at stopping “unfair and deceptive” practices in the credit card industry. Read the rest of this entry »

Understand the Credit Crisis

Raise your hand if you don’t quite understand this whole financial crisis. Read the rest of this entry »

How to limit your chance of being audited by the IRS

An audit is a review by the IRS of your tax return in order to determine its accuracy. It is a fact of life that a certain percentage of tax payers gets audited each year. Read the rest of this entry »

Vacationing abroad? Dollar crisis has preceeded you

Antique store owners in lower Manhattan, ticket vendors at India’s Taj Mahal and Brazilian business executives heading to China all have one thing in common these days: They don’t want U.S. dollars. Read the rest of this entry »

Renters can build credit through new method

Renting instead of owning your home might seem like flushing money down the drain, but paying that expense and other bills on time can help you build credit if your current score doesn’t qualify you for a mortgage. Read the rest of this entry »

U.S. economy lost 63,000 jobs in February

The economy shed 63,000 jobs in February, the government said Friday, the fastest falloff in five years and the strongest evidence yet that the nation is headed toward — or may already be in — a recession. Read the rest of this entry »

Dollar woes ripple through Wall Street

The Federal Reserve faces an increasingly complicated job weighing the need for interest rate cuts to fuel the economy against the inflationary pressures building because of an accelerating decline in the value of the US dollar. Read the rest of this entry »

Foreclosure Self-Defense For Dummies

Foreclosure Self-Defense For Dummies: You may not like the title, but when you are faced with the possibility of foreclosure it helps to learn the basics. Read the rest of this entry »

Help hard to get for troubled US home owners

DETROIT — As the US housing crisis deepens, major lenders say they will help borrowers avoid foreclosure, but nonprofit groups and others say their actions are not living up to their promises. Read the rest of this entry »

Fixing the Credit Crisis in the U.S.

Global Finance - Credit Crises of Central Banks: Future Risks with Salih Neftci. Read the rest of this entry »