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The American Bankers Association meetings in Chicago during late October drew a surprising variety of protesters. These ranged from unions to civic groups, political activists and even a person in a Downsized Man superhero costume. With the ABA in focus, I add my perspective and that of many other millions of American savers who decry the historically abysmal interest rates paid on savings. As banks grow healthier, the return on my savings just gets more anemic. ...more
November 28, 2009
The man who watches over the $700 billion in government money given to banks and other institutions to avert a financial collapse said Wednesday he thinks it's too early to say how much will be repaid to the taxpayers. ...more
October 21, 2009
WASHINGTON (AP) — President Barack Obama wants smaller community banks to have greater access to the government's $700 billion financial rescue fund as the administration refocuses the bailout money on small businesses and homeowners and winds down programs aimed at big banks. ...more
October 20, 2009
The reports just keep coming that consumers are still having difficulty paying their debts. ...more
July 20, 2008
NEW YORK - Just as Americans grow more reliant on credit cards to help pay monthly bills, they're being hit with a one-two punch: Card companies are reducing borrowing limits for tens of thousands of consumers, which then can lead to lower credit scores. ...more
June 29, 2008
Just as Americans grow more reliant on credit cards to help pay monthly bills, they're being hit with a one-two punch: Card companies are reducing borrowing limits for tens of thousands of consumers, and that can lead to lower credit scores. ...more
June 28, 2008
Late payments on a cluster of consumer loans, including those for autos, home improvement and certain home equity loans, climbed in the summer to their highest point since the country's last recession in 2001. ...more
January 4, 2008
The hopes of Enron investors are riding on a Supreme Court case that may be the last chance at compensation for their losses when the scandal-ridden energy company collapsed. ...more
October 7, 2007
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