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New Credit Card Rules and Interest Rate Reductions

On August 22nd, the second phase of the CARD Act was enacted.  Unlike the first set of new credit card rules that took effect in February, the newest credit card rules won’t have a huge impact on the wallets of most people.  One rule limiting penalty fees will help those who accidentally (or habitually) make late payments. However, a key rule that requires credit card companies to re-evaluate interest rate increases and lower interest rates on customers who qualify is extremely vague and likely to do more harm than good to consumers.

There are two key problems with the interest rate re-evaluation rule. First

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Tags: Card Rules, Credit Card, Credit Card Rules, Rules

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Tips in Checking Your Security with Fast Payday Loans

Security is a growing concern from many people who wish to get fast payday loans. Many aspiring borrowers want to know if it is really safe and secure to apply for a payday loan online.

In terms of financial transactions, it is extremely important to keep client details private and confidential. In the case of payday lending businesses, much attention and effort is directed in ensuring data security primarily because their credibility and viability largely depends on it. If a payday lending company fails to exhibit extreme precautionary measures in data security, the whole industry might be subjected to a variety of civil and criminal charges.

However, despite the fact that most payday lending companies are exerting much effort to ensure data security, aspiring borrowers should also take precautionary measures to check if the level of security for fast payday loans application is really reliable. Read full article

Tags: Fast Payday Loans, Payday Loans, Security

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Singapore 2010 Youth Olympic Games Showcases DBS Visa Prepaid All-In-One Card

According to recent Visa new release, “Spectators at the Singapore 2010 Youth Olympic Games Opening Ceremony this Saturday can expect a unique entry process with their all-in-one DBS Visa Prepaid cards.”

The all-in-one card replaces the usual paper ticket and serves as an entry pass to the Opening Ceremony. In addition, it allows cardholders to make purchases at places that accept Visa cards, including Youth Olympic venues. It also comes with a contactless EZ-link transit function that enables cardholders to enjoy free public transport to competition venues on event days. The card can be used as a regular transit card after the Games.

Moreover, no one will be admitted to the Opening Ceremony without their Singapore 2010 Youth Olympic Games Opening Ceremony DBS Visa Prepaid card, which is the ticket to the event.

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Tags: Dbs Visa, Dbs Visa Prepaid, Prepaid, Visa Prepaid

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Are We Headed for a Lost Economic Decade?

Not if we embrace pro-growth fiscal policies. A good start would be the bipartisan Wyden-Gregg tax reform bill.

Despite record doses of monetary and fiscal support, the U.S. recovery appears to be stumbling. First-time claims for jobless benefits are on the rise and economic growth estimates for the April-June quarter have fallen to just over 1%. Many are now asking if we are on our way to a double-dip recession or even a Japanese-style “lost decade.”

These concerns are not without merit. Although the Federal Reserve expanded its balance sheet massively in 2008-2009, most of the high-powered money (currency plus bank reserves) that it’s provided has piled up as excess bank reserves on deposit at the Fed.

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How to Stop Credit Card Debt and Interest from Affecting Your Wealth

Do you have significant credit card debt? If you’re like most Americans, you do. Even if you seem to have your payments under control, do you know how much you’re really paying in interest? Over the life of your credit card debt, interest can accrue at incredible rates and influence your savings more than you could ever imagine. Read on to learn how to stop high interest from impacting your savings and affecting your wealth.

With the average interest rate on credit cards now at about 15% (and it’s on the rise), it is no wonder that so many people are falling behind on payments and finding themselves drowning in a sea of debt. One r

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Tags: Card Debt, Credit Card, Credit Card Debt, Interest

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