interest rates

When it comes to credit cards, there’s almost always something to be watching out for. At Creditslips, Adam Levitin notes that interest rates on most low-rate credit cards are holding steady, and rates on high-rate cards even fell a little recently. So … what about all those fears that credit would be more costly once [...]

As Congress moves to reform punitive fees and penalties levied on cardholders who miss payments or exceed their credit limits, credit card issuers are threatening to charge new fees for customers who don’t carry balances each month and pay their bills on time, The New York Times reports.
Banks are expected to look at reviving annual [...]

The administration’s rescue plan for housing is taking shape. But as Calculated Risk notes, one thing it apparently won’t include is a proposal – once under serious consideration – to pay mortgage companies to lower interest rates.
Instead, as we discussed Thursday, Obama officials are looking at ways to standardize loan modifications to lower homeowners’ monthly [...]