The Credit Card Game is Changing

Sweeping changes are coming to the credit card world, with issuers facing many new rules and regulations starting February 22nd.  The Credit CARD Act will restrict issuers’ ability to raise interest rates, prohibit them from charging various fees, and more.  As a...

Becoming a Nation of Savers

After many years of declines in our household savings rate, the recession seems to have sparked a savings revival.  The rate even hit a high of 6.4 percent of disposable income in May, the highest since 1993.  It was 4.4 percent in the most recently reported month of...

Money Market Funds Lose Insurance Protection

A temporary program insuring money market funds has expired. However, according to an article in on Kiplinger.com, there’s not much reason to worry about the safety of money invested in such funds. The insurance program was put in place last fall after the...

Don’t Get Taken for a Fee Ride

It wasn’t long ago that banks would not allow debit card transactions to go through if you didn’t have enough money in your checking account. But then they discovered how profitable it could be to allow such transactions and then hit you with an overdraft...

Don’t Get Taken for a Fee Ride

It wasn’t long ago that banks would not allow debit card transactions to go through if you didn’t have enough money in your checking account. But then they discovered how profitable it could be to allow such transactions and then hit you with an overdraft...