Archive for the ‘news’ Category
Credit Card Accountability, Responsibility and Disclosure Act (CARD) of 2009
On May 22nd, 2009 Barack Obama signed new legislation into law called the Credit Card Accountability, Responsibility and Disclosure Act of 2009 (Credit CARD Act). The law was supposed to force credit card companies to become more transparent with their fees, interest rates and other provisions, and create a more consumer friendly environment. Whether or not that will actually happen is still up for debate. As of yesterday, February 22nd, 2010, the law is now in effect.
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New Credit Card Rules For U.S. Consumers in Credit Card Lending Overhaul of (CARD) Act Starting August 20, 2009, the U.S. credit card industry sees the most credit lending reform in two decades that is meant to give more power and protection to the U.S. consumer. The changes appear as part of a new law for credit card reform signed back in May 2009 by...... -
How to Take Advantage of Falling Mortgage Interest Rates Last year the Federal Reserve started an aggressive interest rate cut plan in hopes of making borrowing money more affordable for homebuyers, small business owners and other consumers. The Federal Reserve has gone as far as setting their "target rate" at 0%, meaning that they will adjust the amount of......
Fresh off of a $787 billion stimulus package passed in February of 2009, congressional Democrats are now beginning to talk about passing a second, more modest stimulus package sometime within the next few months – aimed at easing the unemployment crisis. From Reuters:
Congressional Democrats’ push for another U.S. stimulus package got a boost on Tuesday from an analysis that found their earlier effort had blunted the impact of the worst economic downturn in 80 years.
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College Tax Benefits from the 2009 Stimulus Package One of the most expensive outlays of money that a family encounters involves higher education costs. Families are challenged with the job of deciding how to finance a child's college education by choosing one of these methods: Paying cash out of personal reserves, an Education IRA, financing with Parents Plus...... -
Next Economic Stimulus Package May Not Be Checks To Taxpayers According to a recent article in the Wall Street Journal, the focus of the next possible economic stimulus package would be on "infrastructure spending, aid to states, and help for the poor through food stamps and jobless benefits." This is in contrast to the package passed this past Spring......




