I am a free market capitalist and abhor unnecessary Government intervention in the private sector, but the harm that is being done to credit worthy consumers is seriously detrimental to our economy and I fear that the only way to end it is through Government intervention.
As the President prepares to sit down with top credit card execs, an industry representative tries to explain the motives behind the crackdown on interest rates and credit limits.
Capital One reported a quarterly loss that was much deeper than analysts anticipated as the leading issuer of MasterCard and Visa credit cards was hurt by growing credit losses and higher provisions for bad loans.
Are you surprised? We have got to get over the idea that we have real relationships with this business that we borrow from.
Federal regulators on Tuesday proposed some clarifications to sweeping new rules designed to shield consumers from unfair credit card practices.
NOT SEEN ON T.V.: Credit.com’s John Ulzheimer has the ways to fight back when credit card issuers change the rules of the game.
Early earnings reports from the nation's biggest banks are showing that there's still one major hurdle the market needs to overcome: credit worries.
Your first option should always be credit counseling, says John Ulzheimer.
Help is on the way from our government, but there are still steps you can take to make sure that you maintain control of your credit.
Stocks closed higher despite some selling in the final half hour of trading, giving the market its sixth straight weekly gain and its longest weekly winning streak since 2007.
Stocks got a quick pop Friday from a rebound in consumer sentiment to its highest level since September. But the bounce quickly slowed t o a dribble as earnings worries nagged at the market.
Today the disastrously managed credit card business threatens to be a major impediment in the economic recovery because the only way the banks can extricate themselves from the mess they have created is literally to shut down the industry.
Stock futures pared losses but continued to indicate a flat open Friday despite slightly better-than-expected first-quarter earnings results from Dow components Citigroup and General Electric.
NOT SEEN ON T.V.: How you can keep your credit card issuers happy, with John Ulzheimer of Credit.com.
Also, find out what information your credit report contains and what is left off.
After years of encouraging their customers to borrow beyond their means by extending credit beyond any reasonable ability to pay back, the banks are adding insult to injury by jacking up the interest rates seemingly ad nauseam.
The provisions of the CARD Act are heavily redundant with those in the Credit Card Bill of Rights, but they include two new and important provisions.
For this viewer, the statute of limitations offers some important protection.
Lenders are boosting their attempts to avoid home foreclosures, but fewer than half of loan modifications made at the end of last year actually reduced borrowers' payments by more than 10 percent, data released Friday show.
NOT SEEN ON T.V.: John Ulzheimer helps you read the signs to tell if your debt is out of control.