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JPMorgan Chase has decided to drop a clause from the credit card contracts that it has members sign when they sign up for cards. The clause is the highly disputed mandatory arbitration clause.
So, why exactly are arbitration agreements bad?
Arbitration can (and often does) give the …

For the first time in just over a year, the Dow Jones has traded above 10,000. The last time the Dow traded above 10,000 was October 7, 2008. It hasn’t closed above 10,000 since October 3, 2008. The lowest it has traded at since then …

Wells Fargo wants to be different. It wants to stand out. It wants to raise your credit card rates and it’s doing so right now.
Getting the news that credit card rates won’t be able to just go up and down like an expensive roller coaster …

The largest (and arguably the most hated) cable network in the United States wants to buy a 50% stake in NBC Universal from General Electric. Talks have been going on for at least two months between the to companies.
Currently, it’s all resting on the shoulders …

A report from Bloomberg said that defaults of credit cards in the United States rose by 11.49% in August. The number is up from the 10.52% it increased from the month of July. The percentage reflects complete write offs and not delinquencies that are still …