IN THE BLACK Personal Finance articles
Following are some recent personal finance articles I have written.
Reasons not to cut up your credit cards even if you are not charging
Benefits of Cutting up credit cards
How to spend $5 less a d... Posted on 6/18/13 at 8:59 PM
REAL MONEY More than One in Five Americans Consider Credit Essential
According to the September poll hosted on the National Foundation for Credit Counseling (NFCC) website, 22 percent of more than 1,900 respondents indicated they could not make ends meet without access... Posted on 10/12/12 at 6:11 AM
I applied for my first credit card, a MasterCard, shortly before starting my freshman year of college. My limit was $200. The first time I used it was that spring break, to buy a shirt. I still have the card in my wallet, nearly 15 years later.
Those slim rectangles of plastic in your wallet are actually double-edged swords. Credit cards can be useful financial tools — to build a credit score and or earn cash-back rewards — but only when used judiciously. Otherwise it can be easy to fall into their traps, financial experts say.
Avoiding the fiscal cliff will require a compromise. And what are the chances of that happening? So, it’s perhaps best that we concern ourselves with other potential cliffs to avoid, cliffs that are closer to home.
The Consumer Financial Protection Bureau will propose a rule within the next few months that will make it easier for applicants without personal income to qualify for credit cards, the agency’s director Richard Cordray said at a congressional hearing last week.
It was interesting to see an article about credit card fraud in the Herald and how the United States is behind in technology. While making three trips to Canada in the last three years, we discovered that in restaurants, the waitstaff bring hand-held swipe machines to the table, so the credit card is never out of your hands.
U.S. District Court Judge Ralph Erickson ruled that the government could only prove losses of $1,659.72. Prosecutors said during a hearing last month that Adekunle Adetiloye should pay back $744,000 to victims of the scheme. A defense attorney argued for about $110,000 in restitution.
The Consumer Financial Protection Bureau on Wednesday released a prototype of a credit card agreement that's written in plain English. The idea is to sweep away the legalese and make it easier for consumers to understand a card's costs and terms.
Candice Choi and Julie Pace
, December 07, 2011
A Minnesota-based bank is asking a federal court to dismiss its lawsuit that sought to prevent debit card transaction fee limits from taking effect. TCF National Bank, a subsidiary of TCF Financial Corp., sued Federal Reserve Chairman Ben Bernanke and its board of governors in U.S. District Court in South Dakota in October, saying the regulations were unconstitutional.
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