Credit Card Regulations May Have Unintended Negative Consequences
Posted On: May 27, 2009
By Joe Taylor Jr., CardRatings.com Reporter
President Obama Signs Credit Card Act Into LawAs President Obama signed a new Credit Card Bill into law, financial industry analysts debated whether tough, new regulations would return America’s consumers to a more responsible era or throw the sector into a tailspin. Major provisions of the new credit card law [...]
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StumbleUponSammy Rabbit Teaches Kids to Save and Avoid Credit Card Debt
Posted On: May 26, 2009
By Michael Killian, CardRatings.com Reporter
Editor’s Note: This article is part of a popular Q & A format series in which we interview experts and industry professionals that have made significant contributions to the credit card industry.
How do you successfully teach kids 5-8 about money and how to save it? Sam X Renick, author and founder [...]
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Credit Card Accountability, Responsibility and Disclosure Act Passes Senate
Posted On: May 20, 2009
By Joe Taylor Jr., CardRatings.com ReporterFacing pressure from the White House and criticism from constituents, the Senate approved new credit card restrictions on Tuesday scheduled for enactment in February 2010. Among the changes to be enforced if Senate provisions become law:
• Credit card companies will be unable to raise interest rates on existing purchases until [...]
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Popular American Express Credit Card Drops Most Rebates to 1.25%
Posted On: May 18, 2009
By Curtis Arnold, Founder of CardRatings.comA tough economy makes it harder to find great cash rewards in credit cards. The American Express Blue Cash Credit Card has been the favorite card in my wallet for several years. This credit card offered a 1.5% cash rebate on most of my purchases, and it punched the bonus [...]
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Peer to Peer Lending (P2P) Tips
Posted On: May 14, 2009
An excerpt from The Complete Idiot’s Guide to Person to Person Lending.
Peer to peer lending (P2P), also called social lending, lending and borrowing is a new twist on an old way to lend and borrow money.
You probably already have a couple options for how to borrow money. You can run up balances (if you do [...]
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Advanta Credit Cards Closed for Business
Posted On: May 13, 2009
By Joe Taylor Jr., CardRatings.com ReporterAdvanta credit card customers must find other ways to finance their small businesses, starting June 10th. Reacting to mounting losses from credit defaults, company officials decided to close down all of the firm’s outstanding credit lines. In a press release, the company indicated that it took the move in advance [...]
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Can You Pass the Financial Literacy Quiz?
Posted On: May 7, 2009
By Joe Taylor Jr., CardRatings.com Reporter
Two years ago, author and entrepreneur Braun Mincher developed FinancialLiteracyQuiz.com, a fifty-question test that mimics the kind of final exam on money that is missing from most schools. Many respondents get a score of around 57 on their first try, hinting at a lack of understanding about how money works. [...]
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Entrepreneurs Learn Credit Card Strategies at Speed Coaching Events
Posted On: May 5, 2009
By Joe Taylor Jr., CardRatings.com Reporter
Starting a new company in an economic recession often requires three things: a great idea, a generous small business credit card, and solid advice. Officials at American Express OPEN hope to connect entrepreneurs with all three at a series of seven live events throughout the spring and summer.
The “Small Business [...]
