The Truth about Credit Cards
Americans like credit. Over 70% of American consumers have credit cards, and we carry over $800 billion in revolving debt. The push to strengthen consumer protections in the credit card market has...
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Pride Goeth Before the Overdraft Fee
Image via Flickr by Images_of_Money The Consumer Financial Protection Bureau recently announced that it will begin an examination of how banks charge overdraft fees. Citing various industry sources,...
View ArticleA Reckoning for Prepaid Debit Cards?
The Consumer Financial Protection Bureau has been busy, and now it has set its sights on prepaid debit cards, soliciting comments in advance of proposing new rules. Over $57 billion was loaded onto...
View ArticleCredit Card Caution
Last week, the Fed released its Survey of Consumer Finances for 2010, which shows that both family income and family wealth have decreased dramatically, to levels not seen since the 1990s. The Survey...
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