Credit Cards Blog
New Credit Card Rules Effective August 22, 2010
More new credit card rules from the Federal Reserve mean more new card protections for you. Here are some key changes you should expect from your credit card company beginning on August 22, 2010.
How the Financial Crisis Began?
According to the Federal Reserve and various other independent financial experts, the financial crisis of 2008 was largely an extension of the sub-prime mortgage crisis resulting from a burst in housing prices, and the inability of mortgage borrowers to fulfill their payment obligations and refinance current mortgage. This led to a situation where banks didn’t have enough money for lending and normal business purposes.
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