Banks are softening interest rates on credit cards

Feb 22, 2011 Brian Bradley

Banks are softening interest rates on credit cards

In what is expected to be hailed as a victory for consumers, the Consumer Financial Protection Bureau announced this week that the nation's leading credit card companies have slowed the speed at which they raise interest rates on credit


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Virginia approves auto title lending to out-of-state drivers

Feb 22, 2011 Brian Bradley

In a vote that was met with plenty of hand-wringing on both sides of the aisle, the Virginia House of Representatives passed a bill on Monday that would reinstate auto title lending in the commonwealth by a 51-47 vote, the Washington Post reports.


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Bill may limit debt collectors'' ability to conduct ''robocalls''

Feb 22, 2011 Kyle Duncan

Many debt collectors employ the traditional practice of personally calling individuals or knocking on their front doors, but a new method increasingly used by collectors is under fire from the Federal Communications Commission. According to


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Credit card delinquencies plummet from 2010 levels

Feb 22, 2011 Brian Bradley

In a sign that consumers are becoming more wary about their credit reports and their personal spending levels, the national credit card delinquency rate fell sharply between the fourth quarter of 2009 and the same time last year. The observation


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Texas, Mississippi considering short term loan bills

Feb 22, 2011 Todd Milner

Legislators in Texas and Mississippi are both considering bills that would change the way short term lenders can provide short-term loans to residents of their states.A Texas Senate committee recently heard a bill filed by Senator Wendy Davis that


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