Financial News
Credit Card Rate Report
The annual percentage rates (APR) for select major credit card categories were flat to higher this week, after a speech by Fed Reserve Chairman Ben Bernanke that fueled speculation that the central bank could raise interest rates to combat inflation.
Below are the rates for up to nine credit card categories, of which three had [...]
Three out of four Americans say they aren’t saving enough
A new analysis of Americans shows that most people are not saving as much as they should at the same time people do not seem to be too concerned about it according to Pew Research Center’s Social & Demographic Trends project.
Three out of four Americans say they are not saving enough, according to the [...]
38 Charged in Phishing Scams
Thirty-eight people were charged yesterday with stealing names, Social Security numbers, credit card data and other personal information from Internet users as part of a global crime ring.
The gang (Romanian-based) phishing scams used the internet to scam thousand of consumers and hundreds of financial institutions, according to indictments unsealed in Los Angeles and New [...]
Fed auctions $75 billion to ease credit problems
In an effort to relieve the credit markets, the Federal Reserve had auctioned $75 billion in loans to troubled banks, so far the total since December is at $510 Billion
Housing, credit and other financial problems have been a drag on the economy since last August and hit a crisis point in March of 2008 with [...]
