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Tommy Newsom was shocked when his bank nearly doubled his credit card interest rate this year, to 27 percent, for no apparent reason. A customer rep told him the law allowed the bank to do so, and that was all the justification it needed. "I never ...

Why banks are squeezing credit card holders - Morris County Daily Record

WASHINGTON, D.C. -- Tommy Newsom was shocked when his bank nearly doubled his credit card interest rate this year, to 27%, for no apparent reason. A customer rep told him the law allowed the bank to do so, and that was all the justification it needed ...

Why banks are boosting credit card interest rates - News-Press

A DUTIFUL Free Exchange correspondent reports that Iceland's one free television station has gone off the air, a victim, one presumes, of the country's economic maelstrom. This means that in addition to being much, much poorer, Icelanders also can no ...

Viewing all entries for: November 2008 - Economist.com

The World Newser is World News' daily blog. Here, you'll find our staff's thoughts on the day's news and the way we build our broadcast. Plus, we'll share reports from our team of correspondents in the field, as well as producers behind-the-scenes ...

The World Newser - ABC News Blogs

General Motors (NYSE: GM ) fell 23% yesterday. Shares hit levels not seen since 1946 -- a mere 38 years after Ford 's (NYSE: F ) Model T was introduced. Ford itself is less than a buck away from penny-stock territory. Chrysler's minority shareholder ...

Why We Shouldn't Bail Out Detroit - Motley Fool

The credit crunch is closing in on credit cards. Banks that got burned on bad mortgages are now bracing themselves for billions more in bad debt on credit cards -- so they're trying to cut their losses by cutting off customers. Big-name credit card ...

Banks to clamp down on credit card holders - Detroit Free Press

First came the mortgage crisis. Now comes the credit card crunch. After years of flooding Americans with credit card offers and sky-high credit lines, lenders are sharply curtailing both just as an eroding economy squeezes consumers. The pullback is ...

As U.S. economy slows, credit card crunch begins - International Herald Tribune

Los Angeles (CA) – Can a browser’s search function work too well? After playing around with Google’s brand new Chrome browser, we’ve discovered that its history search box will fetch all types of data - even text from HTTPS-protected ...

TG Daily reports from PMA 2008 - TG Daily

Tommy Newsom was shocked when his bank nearly doubled his credit card interest rate this year, to 27%, for no apparent reason. A customer rep told him the law allowed the bank to do so, and that was all the justification it needed. "I never missed a ...

Why Banks Are Raising Credit Card Rates - 13 WMAZ

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