Topic: U.S. Federal Reserve
NEW YORK (Reuters) - Mark Sass and his wife Jan decided to refinance the mortgage on their Cincinnati, Ohio, home on Friday, just days before the Federal Reserve pledged to keep rates near historic lows through the first half of 2013."I knew ...
American shoppers have regained their legendary appetite for credit, with credit card spending rising in December for the first time in 26 months, the Federal Reserve reported Monday.Long held back by recession, high unemployment and falling home prices, US consumers boosting revolving ...
One industry expert predicts more fees and fewer rewards.One industry expert predicts more fees and fewer rewards.There's a good chance you'll find yourself asking this year, "What has my bank done for me lately?" That's because banks likely will reduce or eliminate ...
Prime In addition to having higher interest rates than prime-rate loans, subprime loans often come with higher fees. According to statistics released by the Federal Reserve Board in 2004, from 1994 to 2003, subprime lending increased at a rate of 25% per ...
In 1929, a stock market crash caused the Dow Jones index -- one of the main indices used to evaluate the health of the American economy -- to lose nearly 12 percent of its value in one day . From Black Tuesday, ...
When you deposit your money in the bank, your money goes into a big pool of money along with everyone else's, and your account is credited with the amount of your deposit. The amount of money that banks can lend is directly ...
Consumer debt is on the rise in more than just a few countries around the world. According to numbers released in March 2006 by the U.S. Federal Reserve Board, household debt has topped the $2-trillion mark in the U.S. - and that ...
The U.S. Federal Reserve unveiled an online consumers' guide to credit scores and credit reports. It was almost a year ago that the Fed and the Federal Trade Commission announced the final rules requiring a creditor to provide a consumer with a ...
The article reports on the increase in consumer credit outstanding in the U.S. in January 2008 based on the monthly Consumer Credit Survey conducted by the Federal Reserve Board. The increase can be attributed to the 7% increase in borrowing on revolving ...
The article reports on the increasing interest of consumers in obtaining decoupled-debit cards in the U.S. According to the report released by Aite Group LLC, this type of card can provide rewards to holders. 10 MARCH 13, 2008 It's easy and incredibly ...