Consumer credit down in Nov. for record 11th month
February 05, 2010
| AP
Americans borrowed less for an 11th consecutive month in December, paying off credit cards while increasing borrowing for cars and other products. The mixed picture raises hopes...
Fed says banks eye tighter terms on credit cards
November 09, 2009
| AP
The Federal Reserve says many banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate hikes. A quarterly survey by...
Congress set to tackle credit cards, health care
April 20, 2009
| AP
When lawmakers return to Capitol Hill this week, hammering out details of the budget passed before the spring break will be at the top of the agenda. On Sunday Republicans...
Obama signs new rules for credit cards into law
May 22, 2009
| AP
President Barack Obama has signed a bill creating new rules for the credit card industry that are designed to protect consumers from surprise charges. Obama signed the legislation...
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