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Webloyalty is under fire.

Webloyalty is under fire.

Webloyalty, Vertrue, and Affinion are companies that charge your credit card tiny amounts. Usually when they show up on your card you’ll see the words “rewards” or “club.” Most people don’t recall paying for a service or signing up for one and now the Senate …

Bank of America to hike rates for 4 million

Bank of America has put as many as four million of its customers on notice. BofA will likely be raising rates for the customers.
The hike is said to affect those who carry a balance and have an interest rate below 10 percent. They can expect …

Hey Congress, not so fast, please.

House of Representative Democrats announced a plan to reshape energy use in the United States today. The plan includes tax breaks for investments into renewable energy like solar panels and wind fans.
The plan calls for a system to limit for the first time the amount …

AIG puts headquarters up for sale.

After all the drama going on with AIG versus the American public this week, the huge insurer is walking away with its tail tucked and putting its headquarters up for sale.
Mark Herr, a spokesman for AIG said that the company is selling 70 Pine Street …

Bernanke thinks the recession could lift by the end of the year

In an interview with 60 Minutes, Ben Bernanke said, “This (economic) decline will begin to moderate and we’ll begin to see a leveling off.” He also said that he expects a recovery beginning by the start of next year.
This isn’t the first time Bernanke has …