With the recession apparently over, the Federal Reserve on Wednesday held a key interest rate at a record low and again pledged to keep it there for an "extended period" to foster the fragile economic recovery. ...more

November 5, 2009

The Senate voted on Tuesday to prohibit credit card companies from arbitrarily raising a person's interest rate and charging many of the exorbitant fees that have become customary - and crippling - to cash-strapped consumers. ...more

May 20, 2009

The Senate has voted to prohibit credit card companies from arbitrarily raising an individual's interest rate and charging many of the exorbitant fees. ...more

May 19, 2009

The Federal Reserve said Wednesday that it will deploy an additional $1.2 trillion to try to lower interest rates and stimulate the economy, an aggressive move aimed at containing the recession. ...more

March 19, 2009

Mark Huba is one of numerous Capital One cardholders who pays his bills on time and hasn't missed any payments - yet has just been notified that his interest rate is soaring to almost 18 percent. Capital One's rate hikes are the latest example of how the credit card industry is turning the screws on customers even as many of those same lenders receive billions of dollars in taxpayer-funded bailouts. ...more

March 7, 2009

On Wednesday, President Barack Obama went to Arizona and announced another huge spending package by our federal government. This one is to assist home mortgage defaults and it is to the tune of $75 billion. ...more

February 21, 2009

On Wednesday, President Barack Obama went to Arizona and announced another huge spending package by our federal government. This one is to assist home mortgage defaults and it is to the tune of $75 billion. ...more

February 20, 2009

Morris isn't the only one checking into refinancing. Refinance applications increased 15.8 percent in the past week, according to the Mortgage Banker's Association. ...more

February 6, 2009

New-home construction plunged to an all-time low in December, capping the worst year for builders on records dating back to 1959. ...more

January 22, 2009

If you're not in deep debt, I'm sure you have one friend or family member - if not more - who is. ...more

January 18, 2009