Obama’s Credit Plan

Consumer credit cards reached 14.26% in February compared to 12.03% in the final quarter of 2008. That increase reflects an additional $200 annual increase in interest payments for the typical American households. Because of tight credit and credit card defaults, interest rates on credit cards may reach 17% by this fall, according to Dennis Moroney, [...]

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The new credit card regulations: how will it change?
Last year, Seconds after taking office, Barack Obama, one of the first initiatives The President has decided to perform the maintenance of U.S. credit cards Industry. Look at the end of 2009 more than 44% of the balance carried 630 million credit cards Circulation [...]

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