NEW YORK, May 28- Citigroup Inc CEO Mike Corbat said the deal the bank made with Costco Wholesale Corp to replace American Express Co as the issuer of credit cards for the retailer will be profitable for his shareholders. Responding to speculation in the card industry that Citigroup gave too much to Costco in negotiations earlier, Corbat said the deal is "without a...» Read More
Several times a day, without even realizing it, we hand over some of our most sensitive information to strangers: our credit card numbers.
Consumers will be shielded from increases in interest rates on existing account balances on their credit cards under new rules being adopted by federal regulators.
The Fed and Treasury have already had to institute a program to help institutions buy securities backed by credit card debt so that these companies can keep extending people credit. If we pass laws saying they can't charge high rates, they'll do even less lending.
Debt relief companies don't do anything you can't do yourself - and they ruin your credit doing it.
It is surprising to me that there is not more consumer advocacy on the subject of credit card interest rates. They are utterly abusive to consumers while reaping extraordinary profit margins for the lenders.
You could be paying for services you aren't even using if you don't read the fine print.
The number of American homeowners dragged into the housing crisis fell last month to the lowest level since June as new state laws lengthened the foreclosure process, RealtyTrac reported Thursday.
Sometimes, it's the only option you've got left if you're being taken advantage of. But you better be prepared for a long, hard slog.
It may be your last best option. But you better know what you're doing before you go through with it.
One way to do that is to absolutely, no matter what, avoid the trap of retail store credit cards.
Increase you deductions, donate to charity, watch your withholding, convert to a Roth IRA and sell losing stocks. Here's how and why.
In an economy like this, everyone's looking to take some of the sting out of their losses, but make sure don't get stung by scam artists in the process. A guide to the beguiling.
Many Americans may only be concerned with filing their taxes by the April 15 deadline, but if you want to take full advantage of the savings to which you may be entitled, it’s essential to takes some steps before you celebrate the holidays are over.
Even if you the financial crisis has caused major losses in your investment portfolio. that doesn't mean you're without capital gains. And even if you are, there's a a bit of silver lining to all those losses.
Store-issued credit cards are hurting your credit without you even knowing it.
John Ulzheimer lists the steps you must take when you decide to tell your credit-card provider that 'it's over.'
What happens if you buy a gift card to a store that goes out of business?
Stay away from any so-called 'debt repair' companies. Many of them will just leave you even deeper in the hole.
Brian Battle of Performance Trust Capital Partners says the Federal Reserve and the consumer are working at cross-purposes as they attempt to get back to normal.
Oppenheimer’s Meredith Whitney sees some real dangers ahead in the banking sector. Find out what’s got her attention.