Banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate increases, the Federal Reserve said on Monday. ...more

November 10, 2009

Five debt reduction companies left customers in worse financial shape, according to lawsuits filed by the Florida Attorney General's Office. ...more

October 20, 2009

Auto insurers should not be allowed to use credit scores to determine rates, especially in tough economic times, two state officials said Thursday. ...more

March 20, 2009

Auto insurers should not be allowed to use credit scores to determine rates, especially in tough economic times, two state officials said today. ...more

March 19, 2009

Untangling the meltdown of the home loan industry could take years, but a clue lies in the way banks handed money to people like David William Earley. Earley owes more than $377,000 in child support and claimed poverty in court. His ex-wife has been trying to collect for 19 years on behalf of the couple's four children. His current wife said he hasn't worked in years. But none of that got in the way of a $125,000 home loan Earley and his wife Christina obtained in November 2006, or the $189,000 refinancing they secured in June 2007. ...more

February 11, 2009

The default rate for mortgages recently insured by the Federal Housing Administration has been climbing, an alarming trend for an agency that is playing a vastly expanded role in the mortgage market and backing roughly a quarter of all the loans made last year. ...more

January 26, 2009

Easier auto loans for more people. The struggling financing arm of General Motors Corp., rescued by $5 billion in federal aid on Monday, plans to use some of the money to make cars and trucks more affordable to a larger pool of customers. ...more

December 31, 2008

The bankruptcy filing by Lehman Brothers on Monday and the sale of Merrill Lynch to Bank of America over the weekend rocked Wall Street, so it's no surprise that the ongoing crisis has many average Americans nervous. Before you start pulling money out of your bank account or sell off investments, here are some things to keep in mind: ...more

September 16, 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