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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 …

To help keep the economy from completely going into a depression, the Fed agreed today to keep interest rates low for “some time.”
They are also thinking about taking some “unconventional” ways to help revive the economy.
Specifically, the Fed said it is now “prepared” to buy …

GMAC, the primary lender for GM is offering zero percent financing on some GM models for the next couple of weeks. After getting $5 billion from the bailout plan, it plans on taking the money and actually lending it to consumers to buy cars from …

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 …

Just after the Fed’s announcement to cut the interest rate the Dow rallied. The Dow started the day at 8565 and is now up over 2.19% and at 8784. Just before the announcement, it was trading around 8600 and was anticipating a rate cut…just not …