As Congress contemplates how to sculpt the next phase of regulations to prevent overaggressive or unethical conduct in the financial world, we need to ask a basic question. Can the regulators ever keep up? It is my feeling that whereas of course well-crafted regulations administered by nimble regulators can make a difference, they can never
If you are the parent or uncle or aunt or friend of a young adult -- meaning anyone 18-20 -- who will be attending college this fall, you should strongly suggest they get a credit card. Why this advice which flies in the face of the current anti-credit card groundswell? 1. The new credit card law, The Credit Card Accountability Responsibility
Credit cards are in the news of late. Defaults and charge-offs (when card company treats debt as uncollectible) are at record highs. Card companies are responding by raising interest rates, cutting limits and increasing fees. Politicians are responding to that by drafting legislation to keep the card companies in check. Card companies
Posts
