“If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be [...]

What is Verified by Visa?  A security system used by Visa that places an additional layer of verification between making an on-line purchase and completing the transaction.  This system is in addition to the 3-digit security code on the back of your card.
How does Verified by Visa work?  When you attempt to make a purchase on a site participating [...]

That Dude, you know, the one with the guitar, and the wife with bad credit.  Yeah that Dude, the credit report guy in the fish restaurant with the pirate hat and the blue beater.  You mean the Dude waiting tables at the rock star party?  Yeah that’s him, the Dude at the Renaissance Faire.  Oh, him.  Who is [...]

Credit card Bill of Rights faces shifting political winds before a major election. MSNBC.com contributor, Bob Sullivan says the Credit Card Bill of Rights inches forward in the face of competing interests. The House of Representatives passed legislation through its Financial Services Committee that now goes to the full House for debate.
The legislation would [...]

Big banks such as Chase, Citicorp and GE Money Bank offer credit cards specifically for use at doctor offices and hospitals.  These Medical Credit Cards often carry unfavorable interest rates according to Consumer Reports and are pushed by doctors and hospitals who receive incentives.  AARP suggests its members avoid the cards entirely.
Think about this.  If [...]

is Latin for Let The Buyer Beware of Ford. Readers of the Bankruptcy Law Network may remember my blog last year about the special offer Ford sent me. It turned out that my car loan had two years of payments left and Ford wanted to hook me up with a new vehicle loan [...]

The financial crisis in the mortgage market is causing a tightening of available credit in the credit card arena.  As falling real estate prices decrease home equity borrowing, more consumers are turning to credit cards.  Investment firm Merrill Lynch reports an 8 per cent increase in revolving credit over last year, the highest increase in [...]

Major lenders, representing over 12% of the market, according to Associated Press Business Writer Marcy Gordon, have decided to stop issuing student loans, placing the availability of future loans in doubt.  Over 50 companies pulled out of the government subsidized loan program in the first four months of 2008 due to lower government subsidies and [...]

Newsweek’s Patrick Enright writes about a study scheduled to appear in the Catholic University Law Review by professors Christopher Peterson and Steven Graves that identifies a correlation between high concentrations of Christians in states with a proliferation of payday lenders.
Peterson is quick to disclaim any causal effect of one group begetting the other, however, he [...]

Frequently clients tell me about financial horror stories they had with someone and then ask me, Can they do that? One common misconception involves banks, credit unions and demand deposits, otherwise known as savings or checking accounts. People commonly assume their bank account holds their personal money, like a private safe deposit box, [...]