Wednesday, April 7, 2010 as of 11:14 AM ET
The American Bankers Association is a professional association founded in 1875. It represents US banks of all sizes and charters.
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In the three years since President Obama signed landmark credit card reforms into law, are consumers or banks better or worse off?Banking industry representatives had warned before the credit card regulations were signed into law May 22, 2009, that the reforms would lead to higher interest rates for all users and that many people with bad credit would be shut out of the market completely.
Those predictions have come, at most, only partially true.As predicted, some credit card rates have risen -- on new card offers. It's less clear whether as a whole Americans who already had cards are paying higher rates.And yes, some people with bad credit have had credit cards taken away and seen opportunities for new credit dry up, though it's hard to say how much of that is because of the law, and how much was the natural result of the recession pouring ice water on all forms of credit.Other predictions -- such as the widespread return of annual fees and rewards card programs becoming stingy -- did...Having trouble figuring out what your interest rate is going to be on a new credit card offer? You're not alone.Consumers' mailboxes are being flooded with new card ...
American Bankers Association CEO Frank Keating on Federal Reserve Bank of Dallas President Richard Fisher saying America’s largest banks should be split up.
U.S. regulators may miss a July deadline to adopt the Volcker Rule , a controversial proposal seeking to rein in speculative trading, a top bank regulator said Wedne...
It's easy to lose a card -- it can fall out of your purse, get left on a restaurant table or slip between couch cushions after an online purchase -- but getting a ne...
U.S. regulators may miss a July deadline to adopt the Volcker Rule , a controversial proposal seeking to rein in speculative trading, a top bank regulator said Wedne...
American Bankers Association CEO Gov. Frank Keating on the state of the U.S. financial sector.
If anything is certain about the Durbin Amendment, it's that no one is happy with it. Banks want it repealed. Retailers want it expanded. Consumers might wonder what...
Consumers battling with financial firms over overdraft charges, late fees and other checking account issues can now file complaints with a new federal watchdog.The C...
The U.S. bank industry has recovered to the point that it can boost the economic recovery by extending more loans, the top bank regulator said on Tuesday.Martin Grue...
FBN's Liz MacDonald on customers switching banks over higher fees.
Richard Riese, American Bankers Association , weighs in on consumer overdraft fees and protections.
You're the same person, with the same financial habits and the same credit score. But depending on why you're borrowing money, the amount of interest you'll pay can ...
If you have a credit card, you've probably heard the pitch. It comes from a telemarketer, or perhaps from a mailer included with your statement, and warns that "life...
Need cash in a hurry?People who have run to the neighborhood cash advance outlet for quick money are finding more sources for short-term loans in unexpected places -...
Question: When is a loan considered income? Answer: When a bank wants a way to justify slipping a credit card into the wallet of a college student.That's the content...
The Fed Giveth, and the Fed Taketh AwayThe Federal Reserve can help or hurt your finances in a matter of minutes, depending on what it says and does.Interest rates o...
When something goes wrong, American consumers are reasonably willing to forgive their supermarkets, their parcel delivery services, even their auto dealers and -- de...
ATMs can make mistakes. And when they do, it can cost you time and money to clean them up.They can account a deposit amount incorrectly, dispense too little or too m...
With interest rates holding steady near record lows, homeowners have a lot of incentive to refinance their mortgage.The national average for a 30-year, conventional,...
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