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The Senate passed a bill today to overhaul the way credit card companies work and how they interact with their customers. The measure passed the Senate yesterday at a 90-5 vote. It is expected to quickly pass through the House of Representatives and be on …

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 …

Federal regulators adopted new rules dealing with credit cards to help consumers. While the rules won’t go into effect until July 2010, they are actually really helpful and will require the credit card companies to be a little less sneaky and for consumers to be …

The U.S. Federal Reserve said American Express could become a bank holding company. Like Morgan Stanley and Goldman Sachs before, now American Express may issue government guaranteed bonds through June 2012.
The companies can also apply to receive aid from the $700 billion bailout rescue package …

I have spent the better part of 4 years wasting away in Oxford, MS. Over this time I have seen some strange things. I’ve seen everything from hippie jam sessions in the grove to people walking out of bars with missing shoes. …