Are Consumers Really Paying Off Credit Cards?
A report out this week says that Americans reduced their credit card debt by $93 billion between 2008 and 2009. This could be seen by some as good news. Experts are not convinced. According to an analysis of federal data by cardhub.com, a credit card comparison site, during the third quarter of last year, bank [...]
Consumer Protection Agency One Step Closer To Reality
New legislation passed by the House of Representatives, the Wall Street Reform and Consumer Protection Act, would give the government new powers to break up companies that threaten the national economy. The Federal regulatory restructuring would require the creation of a new agency that will be responsible for overseeing consumer banking and rein in shady [...]
