Thu, 22/07/2010 - 14:49 by Anonymous
When traveling around the world the last thing you want to think about is money.
Unfortunately, the dirty little paper notes, coins, and plastic cards are what takes us to our dream destinations.
Fri, 25/09/2009 - 02:51 by Morgan Housel
Moody's released an industrywide report on credit card quality earlier
this week, and there's really only one takeaway from it: There's no
recovery in the credit card industry.
Fri, 17/07/2009 - 23:47 by Dayana Yochim
With all the controversy surrounding consumers' dependence on credit,
it's only natural to think that you'd be better off with fewer cards
weighing down your wallet.
Thu, 18/06/2009 - 17:09 by Jaspreet Virk
With their tremendous financial benefits, credit cards have revolutionized the American way of life. Their universal application has done away with the need to carry cash or sign check books for every single purchase. But their successful application calls for certain precautions.
Thu, 11/06/2009 - 01:21 by Morgan Housel
Let me get one thing out in front: Visa (NYSE: V)
is a phenomenal company. I mean really, really good. High-quality.
Strong moat. Well-managed. Sturdy balance sheet. The works. It's the
epitome of what you should look for in long-term investments.
Fri, 22/05/2009 - 13:06 by Morgan Housel
The Federal Reserve released its monthly minutes yesterday, and for the first time in recent memory, some parts of the outlook were fairly chipper. "Financial market conditions," it states, have "generally strengthened, and surveys and anecdotal reports pointed to a pickup in household and business confidence."
Fri, 22/05/2009 - 08:03 by harsheeb
Toronto -- Canada's Conservative finance minister Thursday announced new regulations for credit card issuers, but stopped short of interest rate caps.
At a news conference in Toronto, Finance Minister Jim Flaherty said it was decided not to cap interest rates as consumers had a wide choice of options in selecting their credit cards, the Canwest News Service said.
Among the nine changes to credit laws was a provision that companies give consumers a 21-day interest-free grace period on new purchases, the Canadian Broadcasting Corp. said.
"This is a major change that was resisted by financial institutions," Flaherty said. "It will cost them tens of millions of dollars a year."
Thu, 21/05/2009 - 12:14 by harsheeb
Washington -- The U.S. House Wednesday overwhelmingly OK'd credit card reform legislation that would require plain contract language and notice of interest rate changes.
The 361-to-64 vote reflected public ire over how banks and credit card companies treat consumers, with lawmakers citing sudden, unexplained interest rate increases and seemingly incomprehensible terms as major complaints, The New York Times reported.
The bill now goes to President Barack Obama, who had requested the bill be on his desk so he could sign it by Memorial Day.
Wed, 20/05/2009 - 12:43 by Morgan Housel
Remember 2007? We called this the "subprime mortgage crisis," assuming the risks were contained to one relatively small section of the economy.
Thu, 14/05/2009 - 22:29 by Selena Maranjian
We're used to thinking of American corporations fighting one another, competing for market share and consumer dollars. But every now and then, often unbeknownst to us, they band together.