Groups on Credit Card Lending Tactics
An investor advocacy group and mutual fund firm with a focus on corporate responsibility are spreading the word about predatory lending resolutions they’ve helped to place on the proxy statements of three large banks.
Goshen, Ind.-based MMA Praxis Mutual Funds and New York-based Interfaith Center on Corporate Responsibility have placed resolutions on the proxy statements of [...]
Help with Credit Card Debt
NEW YORK (CNNMoney.com) — The average American family carries $8,000 to $10,000 in credit-card debt. A new Web site, called helpwithmycredit.org, was developed by the credit card industry to help consumers out. The site promises to help you manage your debt; communicate better with your credit card companies, and will hook you up with accredited [...]
Drexen Helps Cash-Strapped Families
ANAHEIM, Calif. /California Newswire/ — Morgan Drexen, the country’s leading debt settlement services provider to consumer advocate law firms, is now offering up to a $1000 cash advance as part of the company’s innovative Emergency Direct Assistance Fund (EDAF). With EDAF and the help of Morgan Drexen’s paralegals, cash-strapped American families can reverse credit card [...]
Chris Dodd Bill to Speed Reforms for 2010
The Federal Reserve last year adopted new credit card rules that ban practices often cited as unfair to consumers, such as raising the interest rate on an existing credit card balance when the consumer is paying the credit card bill on time.
However, those rules don’t go into effect until mid-2010, prompting Sen. Chris Dodd (D-CT), [...]
Organize Your Credit Card Debt For 2009
Getting the mail this time of year isn’t a whole lot of fun as the credit card bills from December start to arrive. Alexandra Lieberman is trying to cope with the impact of all the shopping she did last month.
“It was everything. It was groceries, going out to dinner, shopping, everything.”
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Just Blame Credit Cards
Since learning recently that our nation has gone down the economic dumper, we’ve had time for our financial experts to offer their theories on what went wrong.
Basically, there’s been lots of fingerpointing and placing blame on everyone else but ourselves.
We’ve heard Democrats blame Republicans, and vice versa, the poor blame the rich, and vice versa, [...]