Nyja Horton, a 39-year-old single mother of two, has received $18,000 over the 12 years she has been eligible for the Earned Income Tax Credit. NEW YORK (CNNMoney) — Many of the people who could use a little extra money the most are missing out on a tax credit worth ...
Here’s a handy list of credit card charges that consumers have complained about during the first part of 2012. Do any of them appear on your credit card? Read on to find out why you should probably pull out your statements and check them. There’s a steady stream of new ...
NEW YORK (CNNMoney) — A data breach at a payments processing firm has potentially compromised credit and debit card information from all of the major card brands. Global Payments (GPN), a company that processes card transactions, confirmed late Friday that “card data may have been accessed.” It says it discovered ...
COPENHAGEN — European Union finance ministers agreed on Saturday to increase competition among credit ratings agencies and to continue difficult discussions on taxing certain financial transactions. Jens Astrup/European Pressphoto Agency Margrethe Vestager, center, Denmark’s economics minister, said at the end of a two-day gathering that “the market for credit rating ...
NEW YORK (CNNMoney) — Would you pay $400 a year to own a credit card? That’s how much the First Premier Platinum card can easily wind up costing its customers, according to CardHub, a credit card-tracking website that has examined more than 1,000 credit card offers. First Premier’s Platinum card, ...
NEW YORK (CNNMoney) — Would you pay $400 a year to own a credit card? That’s how much the First Premier Platinum card can easily wind up costing its customers, according to CardHub, a credit card-tracking website that has examined more than 1,000 credit card offers. First Premier’s Platinum card, ...
NEW YORK (CNNMoney) — Eastman Kodak, the once mighty icon of the photography industry, filed for Chapter 11 bankruptcy protection Thursday. Kodak said it has obtained $950 million in financing from Citibank to maintain operations. The company said the credit facility is still subject to court approval. Kodak said it ...
Consumer credit in November expanded by the most since 2001, rising $20.37 billion after increasing a revised $6.02 billion in October, a Federal Reserve report showed on Monday. That was nearly three times the median forecast in a Reuters poll for a $7.0 billion gain in outstanding consumer credit. Nonrevolving ...
Emmanuel Fradin for The International Herald Tribune Ramon Fernandez is the head of France’s Treasury. PARIS — With France widely expected to lose its vaunted AAA credit rating any day now, the government here is bracing for the fallout. But as President Nicolas Sarkozy heads into a tough re-election fight, ...
NEW YORK (CNNMoney) — Happy holidays, homebuyers! You just got a very nice present. Mortgage rates have hit record lows, with the interest rate on a 30-year, fixed-rate loan, the most popular choice of homebuyers, averaging 3.91% this week, according to Freddie Mac’s Primary Mortgage Market Survey. That’s down from ...
NEW YORK — The Federal Reserve on Tuesday said the largest U.S. banks and financial companies should hold extra cash on their balance sheets to cushion themselves against financial crises. The proposal by the chief U.S. banking regulator will affect banks with over $50 billion in assets. There are ...
Credit cards are ‘back in favor’ among consumers, as banks bombard consumers with enticing offers and incentives aimed at getting them to use credit over debit. NEW YORK (CNNMoney) — Credit cards are making a comeback.
The rating agency said it has less confidence in the federal government’s ability to take the necessary steps to rein in the deficit. A special congressional panel failed last week to reach agreement on $1.2 trillion in deficit cuts over the next decade. The impasse triggered automatic cuts of the ...
Total consumer borrowing rose by $7.4 billion in September, the Federal Reserve said Monday. In August, it had fallen by the most in 16 months. The September increase reflected a 5.8 percent increase in borrowing in the category that includes car and student loans. But the category that covers credit ...
NEW YORK (CNNMoney) — In the immediate aftermath of Bank of America’s new debit card fee announcement, many of the bank’s customers have declared this is the last straw. But while angry consumers are threatening to leave, it’s the bank that could have the last laugh. Across social media sites ...
TRENTON, New Jersey — MTV’s “Jersey Shore” won’t get a New Jersey tax break because Gov. Chris Christie says the show hurts the state’s image. Christie on Monday blocked a $420,000 film credit that was approved for the show last week by the state Economic Development Authority. The money ...
LONDON: Oswald Gruebel could have entered history as the German who pulled both big Swiss banks back from the brink of a deep crisis. A $2.3 billion blow-up in a supposedly sleepy corner of UBS’s trading floor meant he didn’t. Gruebel, who started his own career as a trader, stepped ...
