Though two pieces of legislation key to Obama’s economic recovery have passed the House, both have strong Republican opposition in the Senate.
Entries from June 21st, 2010
Small Biz Credit, Jobless Benefits Pending Senate Approval
June 21st, 2010 · 1 Comment · Economy
Tags: credit·Economy·investment managers·jobless benefits·Obama·small business·Taxes
Credit Card Limits Lowered Due to Transaction Profiling
June 18th, 2010 · 1 Comment · Credit Cards
We recently documented the Federal Reserve recommendations on limit overdraft and over the limit fees as a result of the Credit Card Accountability Responsibility And Disclosure (CCARD) Act. Apparently, this isn’t the only analysis they were tasked with as a result of the new law. The Fed was also required to investigate whether credit card [...]
Tags: card limits·Credit Card Accountability Responsibility And Disclosure·credit card transaction type·Federal Reserve·transaction activity·transaction profiling·transaction velocity
Mortgage Aps Rise, Fed Tightens Lender Oversight
June 17th, 2010 · No Comments · Mortgages
While consumers are increasing mortgage applications to take advantage of low interest rates, the Fed is working on stricter oversight of lending institutions.
Tags: Ben Bernanke·Federal Reserve·home financing·home mortgages·housing construction·Mortgages
Credit Card Debt Priority, New Homes Not So Much
June 16th, 2010 · No Comments · Credit Cards
Despite a dip in housing construction last month – an important economic indicator – credit card delinquencies fell. So while the economy is clearly struggling to bounce back, consumers are keeping priorities straight and paying on their debt! In May, housing construction fell to its lowest level in five months. Though experts anticipated a dip [...]
Tags: american express·bank of america·Capital One·Citigroup·Credit Cards·debt·Discover·JPMorgan Chase·new homes
