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Treasury, Fed Consider New Plan to Aid Auto, Credit Card Loans (Bloomberg)
Nov. 12 (Bloomberg) -- The U.S. Treasury and Federal Reserve are considering a new plan to ease strains in the markets for automobile purchases, student loans and credit-card debt as the government widens the scope of its financial-rescue efforts.
Why banks are boosting credit card interest rates and fees (USA Today)
In recent years, banks have sharply raised interest rates and penalty fees on credit cards. As the economy tanks and banks' mortgage-related losses balloon, some banks are stepping up such increases to boost revenue. Bearing the brunt are consumers for whom a jump in rates and fees can make it tougher to pay their bills at a time when household budgets already are being stretched.
Citigroup to Raise Credit Card Rates (New York Times)
After pledging that it would no longer reserve the right to raise card rates at any time for any reason, Citigroup now plans to start raising rates for customers who have not had an increase in at least two years.
Regulators nix credit card debt forgiveness plan (Post-Bulletin)
WASHINGTON -- Federal bank regulators have rejected a request by banks and consumer advocates for a program to let lenders forgive huge portions of credit card debt. The Office of the Comptroller of the Currency rej
CreditCards.com: Weekly Credit Card Rate Report (wallstreet:online AG)
Sharp increases for select American Express cards shot overall credit card annual percentage rates
Credit (card) crunch: Banks tighten terms for average consumers (Lansing State Journal)
The credit crunch is closing in on credit cards.
Credit woes find shoppers 'hunkering down' (San Diego Union-Tribune)
Through years of easy credit, buy now and pay later became the mantra of the American consumer. Now, with recession-shocked consumers fearful of taking on more debt and credit card companies imposing tougher restrictions and spending limits, those may no longer be words to shop by.
Regulators nix credit card debt forgiveness plan (San Francisco Chronicle)
Federal bank regulators have rejected a request by banks and consumer advocates for a program to let lenders forgive huge portions of credit card debt. The Office of the Comptroller of the Currency rejected the request for a special program that would allow...
Regulators nix credit card debt forgiveness plan (USA Today)
Federal bank regulators have rejected a request by banks and consumer advocates for a program to let lenders forgive huge portions of credit card debt.
CreditCards.com: Weekly Credit Card Rate Report (Centre Daily Times)
Sharp increases for select American Express cards shot overall credit card annual percentage rates higher this week, according to the CreditCards.com Weekly Credit Card Rate Report.
