Posted on March 31st, 2008 by moneyvsdebt
Federal regulators have eased the lenders’ capital surplus requirements, to inject some much-needed money into the mortgage market
Another stone fell into place in the federal government’s plan to build a path to credit market recovery. On Mar. 19, the Office of Federal Housing Enterprise Oversight, or OFHEO, said it was reducing the amount of capital [...]
Filed under: Ben Bernanke, Finance, Financial News, Investing, Mortgage Information, Real Estate, Real Estate Investing, Stocks, credit scores, federal reserve, housing crisis | No Comments »
Posted on March 31st, 2008 by moneyvsdebt
Citigroup Inc. plans to split its consumer banking unit from its credit-card business as part of a broader reorganization to cut costs and simplify the large financial institution’s structure, the company said Monday.
Citi said named Teresa Dial, 58, global head of consumer strategy and chief executive of consumer banking in North America. That business will [...]
Filed under: Credit Card, Easy Money, Finance, Financial News, Global Economy, Stocks, credit scores | No Comments »
Posted on March 29th, 2008 by moneyvsdebt
Manufacturers trying to lure customers to buy new cars in an uncertain economy increasingly are turning to a tried-and-true marketing effort — low-cost leases.
With the average new car payment right around $500 a month, manufacturers are heavily advertising lease deals that run from about $175 to $250 a month on a wide range of vehicles.
In [...]
Filed under: Business Ideas, Finance, Money Saving Ideas, Need to know Information, credit scores, credit secrets | No Comments »
Posted on March 29th, 2008 by moneyvsdebt
Only responsible credit card users should mess with rewards credit cards. These cards typically have higher interest rates than nonrewards cards, so they make sense only if you can pay your balances off each month. Otherwise, those interest payments will negate the rewards. Defaulting will also zap your earnings, so you have to keep your [...]
Filed under: Business Ideas, Credit Card, Easy Money, Finance, Financial News, credit scores, credit secrets | No Comments »
Posted on March 28th, 2008 by moneyvsdebt
After paying at least $600 million a year in excessive card fees, consumers in the U.K. are getting money back. We Americans should demand the same.
A couple of years ago, consumers in the United Kingdom got a break when the country’s Office of Fair Trading told credit card issuers that their late and over-limit fees [...]
Filed under: Business Ideas, Credit Card, Finance, Financial News, Global Economy, Money Saving Ideas, Need to know Information, credit scores, credit secrets, politics | No Comments »
