Credit Cards

The Post Crazy Economy

Don McNay | Posted 01.09.2009 | Business

Read More: U.S. Economy, Wall Street Bailout, Economy, Economic Crisis, Consumer Spending Down, Mortgage Crisis, Addiction, Main Street, Don McNay, Credit Crisis, Credit Cards, Wall Street Journal, Frugality, Wall Street Crisis, Subprime Mortgages, Wall Street, Kentucky, Personal Finance, Business News
Don McNay

To some, the crisis was caused by consumers. It's as if they are unhappy that we're getting our act together. It's similar to a dope dealer getting angry when a customer goes into rehab.

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The Critics and the Credit Cards

Christopher Brauchli | Posted 01.08.2009 | Business

Read More: Interest Rates, Credit Cards, Credit Card Debt, Bankruptcy, Interest Rate, Conspicuous Consumption, Money, Consumption, Buying Power, Business News
Christopher Brauchli

Credit card companies do not limit themselves to tutoring consumers in the art of financial responsibility. They try to insure that everyone who wants a credit card has one.

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Weekly Audit: Curbing Decline in 2009 (Economy NewsLadder)

The Media Consortium | Posted 01.06.2009 | Politics

Read More: Credit Cards, Low Wages, Recovery Package, Stimulus Plan, Public Investment, Economy NewsLadder, Student Loans, Newsladder, Economy, Politics News
The Media Consortium

The first step in rebuilding a government that actually responds to problems before they reach the bailout stage will be Obama's highly anticipated economic recovery package.

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Making the Best of the Economic Mess

Don McNay | Posted 12.29.2008 | Business

Read More: Journalists, Wall Street Bailout, Self Help, Economy, Economic Crisis, Credit Card Debt, Credit Cards, 2009, Wall Street Crisis, Wall Street, Private Jets, Kentucky, Banks, Bonuses, Entrepreneurship, Auto Industry, Wall Street Bonuses, Personal Finance, Business News
Don McNay

I don't know how a Citigroup collector is going to convince an unemployed worker that he has a moral obligation to pay up. Thus, I am expecting huge credit card defaults in 2009.

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New Credit Card Rules Have Banks, Consumers Bracing

Reuters | John Poirier | Posted 12.13.2008 | Business

Read More: New Credit Card Rules Banks, Credit Cards, New Credit Card Rules Consumers, New Credit Card Rules, Business News

The U.S. credit card industry, harshly criticized for imposing surprise fees and interest rate hikes on consumers, may face a day of reckoning on Thur...

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Hi My Name is America and I'm a Credit Addict: 12-Step Program for the Financial Crisis

Hoyt Hilsman | Posted 12.12.2008 | Business

Read More: Debt, Recovery, Hank Paulson, Economy, Barney Frank, Congress, Obama, Mortgage Crisis, Credit Cards, 12-Step, Mortgage, Credit, Unemployment, Financial Crisis, Banks, Economic Recovery, Business News
Hoyt Hilsman

In light of all the six-step, eight-step and ten-step proposals floating around Washington, I thought I'd offer the following twelve-step program for recovery from the financial crisis.

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Holiday Surprise: More Credit Card Fees

Forbes.com | Maurna Desmond | Posted 12.05.2008 | Business

Read More: Consumer Spending, Financial Crisis, Credit Cards, Holiday Shopping, Credit Card Fees, Business News

Reaching for the plastic to pay for holiday presents this season? Expect to find a few surprises in your statement next month. Credit card issuers,...

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Stressed About Money? Save, Baby, Save...

Manisha Thakor and Sharon Kedar | Posted 11.22.2008 | Business

Read More: Money, Budgeting, Finanical Stress, Economic Turmoil, Saving, Economic Crisis, Recession, Debt, Credit Cards, Money Management, Business, Personal Finance, Economic Challenge, Personal Finances, Business News
Manisha Thakor and Sharon Kedar

Together we can "Save, Baby, Save" -- not just our money but perhaps also our souls.

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The Gathering Credit Card Storm

Sen. Robert Menendez | Posted 11.18.2008 | Business

Read More: Rescue Plan, Congress, Bailout, Bob Menendez, Economy, Economic Crisis, Banks, Banking Crisis, Credit Cards, Robert Menendez, Business News
Sen. Robert Menendez

We can't afford to watch consumers' finances dragged down by unfair credit card practices. It wouldn't be fair in any situation, but at a time of such national financial turmoil, it's an even bigger threat to our economy.

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Fixing the Economy, from the Bottom Feeders Up

Don McNay | Posted 11.17.2008 | Business

Read More: Gamblers, Wall Street Bailout, Hank Paulson, Wall Street Crisis, Loan Sharks, Economy, Kentucky, Banks, Payday Loans, Credit Cards, Credit Card Debt, Tax Anticipation Loans, Helping the Poor, Business News
Don McNay

I'm not sure where the payday lending businesses came from, but they populate poor neighborhoods everywhere. It's time to help people on the low end, too.

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Diving For Dollars and The Discount Window

Emma Coleman Jordan | Posted 11.14.2008 | Business

Read More: Switch to Banking Form, Ben Bernanke, Bank Deposits, Discount Window Borrowing, Credit Cards, Business News
Emma Coleman Jordan

The powerhouse credit card company American Express has just joined the storied list of financial firms converting to bank holding companies.

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Credit Cards In The World of Taxpayer-Owned Banks

Don McNay | Posted 11.02.2008 | Business

Read More: College Students, Wall Street Bailout, Wall Street Crisis, Banks, Financial Crisis, Henry Paulson, Credit Crisis, Ben Bernanke, Credit Cards, Banking Industry, Business News
Don McNay

I hope the banks factored that reality in before the came up with the $700 billion figure. They might want to hang on to some of that taxpayer cash instead of using it to buy other banks.

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MasterCard To Issue Diamond-Studded Cards

Financial Times | Jeremy Grant | Posted 10.31.2008 | Business

Read More: Mastercard Diamond, Mastercard, Credit Cards, Credit Card Diamonds, Business News

Markets are plunging, banks are collapsing and talk of recession is all about, but the global gloom is not stopping the launch of a MasterCard credit ...

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Banks asking for credit card debt forgiveness

AP | BY MARCY GORDON | Posted 10.30.2008 | Business

Read More: Banks, Credit Cards, Credit Card Companies, Credit Card Default, Credit Card Relief, Business News

WASHINGTON — With defaults on credit card debt spiraling amid a global financial downturn, banks already reeling from the mortgage crisis are lo...

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Are Credit Cards The Next Collapse?

McClatchy | Christina Rexrode | Posted 10.28.2008 | Business

Read More: Debt, Credit Cards Crisis, Credit Cards, Economic Crisis, Financial Crisis, Personal Finance, Wall Street Crisis, Credit Cards Collapse, Wall Street, Business News

First came trouble with mortgages, then home equity loans and commercial real estate. Now, banks are starting to worry about credit cards. As the ec...

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Layaway Is Making A Comeback Amid Credit Crisis

The Wall Street Journal | MIGUEL BUSTILLO | Posted 10.22.2008 | Style

Read More: Credit Cards, Credit, Poverty, Economic Crisis, Economy, Layaway, Credit Crunch, Recession, Style News

Layaway, a payment practice that was made popular during the Great Depression but nearly became extinct due to the instant gratification of credit car...

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Banks Use "Farming Kit" Lists To Pitch To Troubled Borrowers

New York Times | Brad Stone | Posted 10.22.2008 | Business

Read More: Debt, Credit Cards, Credit, Finance, Financial Crisis, Banks, Farming Kits, Personal Finance, Credit Card Approval, Risky Borrowing, Business News

"It's like I've got some big tag: target this person so you can get them back into debt," said Ms. Jerez, of Jersey City, who still gets offers, even ...

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Credit Card Combat

Roseanne Colletti | Posted 10.16.2008 | Business

Read More: Economy, Debt, Money, Economic Crisis, Credit Cards, Money Saving, Financial Advice, Business News
Roseanne Colletti

You must take the offensive and attack your credit card debt. But your strategy is key to winning the war.

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Stay Away From Me, Credit Card Crisis

Ike Eze | Posted 10.06.2008 | Business

Read More: Financial Crisis, Credit Crisis, Credit Cards, Wall Street Crisis, Credit Crunch, Business News
Ike Eze

Unless you still keep your money under your mattress -- and I don't doubt that some people do -- the financial mess is going to hit you, the most likely way being through your experiences with credit.

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Financial Infidelity: The Subtlest Form Of Cheating

Tango | Posted 09.30.2008 | Style

Read More: Debt, Self Help, Marriage, Credit Cards, Personal Finance, Style News

I thought about cheating on my husband while out mountain biking recently. As my friend sailed effortlessly down the rutted trail, my teeth chattered ...

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Short-Selling Ban List Expands To Include GM, GE, Others

MarketWatch, Detroit News | Dave Burdick | Posted 09.22.2008 | Business

Read More: American Express, Debt, Credit Cards, Sec, Ge, Capital One, Gm, Finance, Legg Mason, Economy, Banks, Federal Reserve, Personal Finance, Business News

The SEC has added more companies to the list of 799 companies that cannot be short-sold temporarily. Included are the following firms, according to Ma...

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For Obama's Sake Put Biden Out To Pasture Now

Raymond J. Learsy | Posted 08.25.2008 | Politics

Read More: Center of Responsive Politics, Wall Street, Personal Bankruptcy Laws, Ponzi Scheme, Mbna, Senator Biden, Credit Cards, President Bush, Barack Obama, Joe Biden, Biden Bankruptcy Bill, Biden Economy, Politics News
Raymond J. Learsy

At this time of the nation's economic malaise it would be the highest folly to select a running mate with Biden's record on the personal bankruptcy confronting millions of Americans.

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Why you should never pay with a debit card.

Bart Motes | Posted 08.21.2008 | Living

Read More: Banking, Banks, Credit Cards, Debit Cards, Living News
Bart Motes

In a Michael Pollan tribute, if you don't want to read the whole article, here's the gist: credit cards protect you from liability. Debit cards expose...

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The Next Bubble Is on The Way: Credit Card Debt

Danny Schechter | Posted 08.14.2008 | Business

Read More: Debt, Congress, Bubble, Credit Cards, Economics, Globalization, Economy, Credit Card Debt, Credit Card Industry, Business News
Danny Schechter

Fewer people are paying their credit card bills on time. And more are using high-interest credit card cash to pay at least part of their mortgages instead of the other way around.

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Catch 222-22-2222

Aaron Greenspan | Posted 08.07.2008 | Business

Read More: Credit Cards, Social Security, Crime, Cybercrime, Economy, Identity Theft, Tjx, Tj Maxx, Business News
Aaron Greenspan

Identity theft is increasingly a technical problem. What are we doing to make sure that our nation's databases are protected? Nothing.

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