Dimon on Capitol Hill Again
by Evita Page
Jamie Dimon faced Capitol Hill again. Things heated up before he even made his late arrival. Many are saying he was handled with kid gloves.
FDIC Investigating Banks Offering Payday Loans
by CreditCardsLab
Payday loan companies are known for outrageous interest rates; now, banks are hoping to cash in by offering customers similar products.
New CFPB Complaint Database Applauded
by Jon Dell
So far, the CFPB credit card complaint database is being hailed as the first real step towards financial transparency. It’s expected mortgages and student loans are next on the agency’s radar.
Is Cash Out?
by Evita Page
These days, it’s all about debit or credit cards, smartphones and other currency these days, according to a new Rasmussen Report. In fact, two in five adults have gone without cash in their pockets for weeks.
Dow Loses 2012 Gain on Jobs as Stocks Fall
by Beth May
The Dow has lost all its 2012 gains. This is the fourth time in five weeks that the Dow has suffered big losses. Europe’s financial crisis is front and center.
Is Moodys Ready to Strike With Downgrades?
by Antonio Bard
It appears Moody’s may be prepared to move forward with its downgrading efforts of many global banks, including some in the U.S. The question is – which U.S. banks are in the crosshairs?
New Concerns Over 2013 Recession
by Jon Dell
Is the U.S. headed for a recession in 2013? If so, what must be done to prevent a repeat of recent years?
Calls for Probe of Ally Pre-Bankruptcy Deals
by Beth May
Are demands for ResCap documents “need to know” or is there more at play, such as fears that the smallest mistake could jeopardize the efforts?
Credit Card Interest Rates Unchanged
by Evita Page
Credit card offers aren’t as plentiful as they were just a few months ago and the interest rates haven’t moved, either. Consumers aren’t spending as much and when they do, more are reaching for cash.
Europe to Blame for Weak U.S. Job Growth?
by CreditCardsLab
President Obama spoke to folks in Chicago and Minneapolis this week, but is it Europe’s fault that job growth is weak in the U.S?
New Mandatory Arbitration Guidelines?
by Antonio Bard
For decades, companies have worked double time to keep consumers from suing and instead, entering into arbitration.
Dimon Will Testify in Senate on Massive Loss
by CreditCardsLab
JPMorgan Chase CEO, Jamie Dimon, has agreed to testify in June before the Senate. He’s expected to explain the massive $2 billion loss.