Bank of America Pledges to Repay Bailout Money
More good news from Bank of America this week. Wednesday evening they made the announcement that they will repay the entire $45 billion that they received as a government bailout to keep them solvent.
The $45 billion was part of the government loans that the Obama administration issued to banks and financial institutions to keep their [...]
No Pay for Bank of America CEO Ken Lewis
It looks as if the Obama administration is enforcing its edict to crack down on corporations receiving federal bailout money. It was recently announced that the beleaguered chief executive officer of Bank of America, Ken Lewis, will receive no pay or bonuses for the year 2009.
The pay czar appointed by Obama, Kenneth Feinberg, is the [...]
The Future of the Credit Card Industry
Major credit card issuers are now scrambling to rethink their business models in light of the recent passage of the Credit Card Reform Act legislation. This legislation will bring huge changes in the way that the credit card issuers profit. Because the credit card companies are so reliant upon charging high interest rates and fees, [...]
Balance Transfer Fees Are Going Up
It wasn’t too long ago that we were absolutely inundated with balance transfer credit card offers. It seemed as if we couldn’t turn around without seeing the latest and greatest balance transfer deals.
Well, I’m sure I don’t need to tell you that those days are long over with. The current credit crisis effectively put an [...]
Credit Card Companies Marketing On Campus
Credit card companies have aggressively marketed to students for many years now. But apparently that in your face marketing strategy has reached critical mass at some college campuses. Michigan State University has a deal worked out with Bank of America whereby Bank of America is given a list of MSU students, alumni and season ticket [...]
Capital One Financial Corp Reports A Record 4th Quarter Loss
Capital One Financial Corp. is the parent company of credit card behemoth Capital One. It also has recently gotten into the branch banking business by buying Louisiana based Hibernia and New York based North Fork Bancorp. They have also reached an agreement to buy Chevy Chase Bank which serves the Washington D.C. area.
Capital One, a [...]
Low APR Credit Cards
Compare the best low APR credit cards from the leading issuers including American Express, Chase, Capital One, Citi and Discover Card.
Low APR credit cards are great if you can get them. The interest on credit card purchases can add up to big dollars if we are not careful. If you have good to excellent credit, [...]
Student Credit Cards
Begin to build a strong credit history with quality student credit cards from the leading issuers in the industry.
Students have a great opportunity to take charge of their financial future. Student credit cards offer them reward incentives for their academic excellence that leads to a number of great bonuses.