Obama’s Plan for the Economy, Part I.

Reform Bankruptcy Laws: Obama will reform our bankruptcy laws to protect working people, ban executive bonuses for bankrupt companies, and require disclosure of all pension investments.

Credit card debt related to housing crash

Like many Northern Nevadans, 34-year-old Jack Zenteno and his wife, Betty, found their finances taking a severe hit from the area’s housing crisis. “My wife went into real estate right when the market began to fall apart,” Zenteno said. “And it occurred at the same time I lost my job.” With no savings to draw [...]

Banks boost credit card rates

To understand how the collapse of the nation’s real estate market is hitting borrowers of all kinds, consider Carson Moore. Moore, of Elkton, Ky., says he always pays more than the minimum due on his credit cards, and does it on time, every time. But in January, Bank of America told him it was nearly [...]

Blame high interest rates for subprime crisis

All the cheery bipartisan photo-ops accompanying the Bush-Congress stimulus package won’t change the economic condition of the majority of Americans. That’s because it’s not based on reducing living costs. As long as expenses such as health care, traveling to work, tuition and carrying debt rise faster than average income, personal financial stability remains under attack. [...]

Rate cut should help borrowers

The Federal Reserve’s dramatic three-quarters of a percentage point cut in interest rates may have temporarily stopped the hemorrhaging on Wall Street, which is good for people’s stock investments, but the cut will have more effects on consumers’ everyday lives. The biggest impact, Quicken Loans chief economist Bob Walters says, could come not in lower [...]

UMB Bank’s Credit Card Business

Fintura Corporation announced today that it has signed an agreement with UMB Bank, n.a., the lead bank for UMB Financial Corporation , to help the financial institution expand its credit card business in Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. UMB Bank provides complete banking and related financial services, including credit and debit card [...]

High-end credit cards

The luster on all those silver, gold and platinum credit cards is getting tarnished. For the past few years, banks that issue credit cards have aggressively wooed affluent customers with lavish perks and fat credit lines. Now, that high-end strategy is coming back to bite the banks: There are growing signs that some of those [...]

« go back — keep looking »