Congress' credit card reform bill will prevent companies from arbitrarily raising interest rates, but it could also tighten available credit. A reporter explains the measure.
After clearing Congress, the Credit Cardholders' Bill of Rights is headed to President Barack Obama's desk to be signed into law by the end of the month.
Question: How did the dollar volume of U.S. mortgages get to be such a huge dollar problem? Did derivatives do that? Why are investment banks allowed to bet 34 dollars for only one they have? Paul Solman: First, a word…
Senators voted overwhelmingly Tuesday to stop credit card companies from arbitrarily raising cardholder interest rates and charging unexpected fees that have become customary -- and crippling - for cash-strapped consumers during this recession.
Question: My wife’s credit card has been paid off in full, every month, for at least 10 years running (since we have been married). In fact, there usually is a 2-3 dollar “credit” balance every month. (I always round up…
President Barack Obama outlined plans Tuesday for the nation's first wide-ranging effort to curb vehicle emissions while cutting U.S. dependence on foreign oil, calling the plan an historic turning point toward a "clean-energy economy."…
For 61 seasons, singers have taken to the tiny stage at the Amato Opera Company in Lower Manhattan, delighting audiences with a surprisingly big sound and an even bigger passion for music. But all of that is about to come…
Question: I keep hearing that GM has to shed brands and cut dealerships, but I don’t understand it. Is the logic simply that GM makes too many distinct carlines to be profitable given its total sales volume? Economies of…
In other news, the markets fell on news of auto dealership closings, and consumer prices were unchanged in April.
General Motors and Chrysler announced the closings of hundreds of dealerships in an effort to bring the companies back from the brink of bankruptcy. Analysts examine the impact of the moves.
