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Saturday, July 09, 2005

New credit card payment rules could squeeze some consumers (The Journal News)


New credit card payment rules could squeeze some consumers (The Journal News)
NEW YORK Don't be surprised if the minimum payment on your credit card suddenly goes up. Under pressure from federal regulators, credit card issuers are raising the minimum payments consumers must make on their monthly bills.

Bank of America buys top credit card issuer (Cincinnati Enquirer)
In a bold move that reinforces Bank of America Corp.'s dominance of consumer banking in the United States, the nation's third-largest bank said Thursday it will buy credit-card leader MBNA Corp. in a deal worth $35 billion in stock and cash.

Friday, July 08, 2005

Personal Finance Daily


Personal Finance Daily
MarketWatch - Jun 22, 2005 Read Andrea Coombes' Retirement Living column, plus see what Chuck Jaffe considers the "five dirty words" of personal finance. Also

Personal finance: With low rates, long-term investments not
Billings Gazette, MT - Jul 6, 2005 When the Federal Reserve's Open Market Committee last met, it raised short-term interest rates another quarter-point, to 3.25 percent - and the markets yawned.

Thursday, July 07, 2005

Credit Cards Are Raising Minimum Payments (AP via Yahoo! Finance)


Credit Cards Are Raising Minimum Payments (AP via Yahoo! Finance)
Don't be surprised if the minimum payment on your credit card suddenly goes up. Under pressure from federal regulators, credit card issuers are raising the minimum payments consumers must make on their monthly bills.

QR102,000 won in Doha Bank s Credit Card monthly draw (The Peninsula)
DOHA: Doha Bank conducted its monthly Draw last week where four winners won four times their card credit limit.

Wednesday, July 06, 2005

Personal Finance Daily -- July 5 (CBS Market Watch)


Personal Finance Daily -- July 5 (CBS Market Watch)
Americans like to pamper their pets, as seen in the increasing number of high-end boutiques and catalogs that peddle expensive goods to pooch and puss.

Summer reading to enhance your bottom line (Sun-Sentinel)
At the height of the technology stock bubble, bookstore shelves were bulging with titles touting day-trading schemes. Today's crop of personal finance books is a lot saner even if some have no purpose other than try to cash in the new real estate speculation craze.

Tuesday, July 05, 2005

On Personal Finance | On mutual-fund directors, SEC again does


On Personal Finance | On mutual-fund directors, SEC again does
Philadelphia Inquirer, PA - Jun 30, 2005 By Jeff Brown. If you didn't come up with a single name, don't feel bad. Not many mutual-fund investors know who's overseeing their holdings.

Personal finance: Interest-only loans no bargain
Billings Gazette, MT - Jun 29, 2005 Many people are flocking to interest-only mortgages. One Philadelphia lender said these made up half the mortgages it had written in the past six months.

Monday, July 04, 2005

Lessons start now for recent graduates (Boston Globe)


Lessons start now for recent graduates (Boston Globe)
I feel for the recent college graduates who have to make first-time financial decisions. Not long ago I answered personal finance questions during an online discussion with some graduates. Here is a transcript of a few of the questions that had them stumped:

My Money calendar (The Arizona Republic)
A year of personal-finance help for our readers.

Sunday, July 03, 2005

Loans attract scrutiny (Dallas Morning News)


Loans attract scrutiny (Dallas Morning News)
The head of the state's consumer credit watchdog agency said Friday she has some serious concerns and questions about new loans that some payday lending companies introduced this week.

Give consumers credit: They re managing debt (Kansas City Star)
Consumers are doing a better job keeping up with their credit card bills, recent statistics show. That s a good sign of an improving economy. It also suggests that more consumers are diligently trying to manage their credit and reduce their monthly debts.

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