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Sanyika Calloway Boyce’s appearance on “In the Loop with iVillage”
www.cambridge-credit.org — Hot on the heels of sweeping credit card reforms are new rules from the Federal Reserve to provide enhanced protections to consumers. The new measures, which take effect on August 22, 2010, will create reasonable penalty fees for late payments, abolish inactivity fees, and change the way our interest rates are calculated. Join Thomas Fox as he discusses what the Federal Reserve has in store for us.
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WWLP Springfield, MA interviews Christopher Viale, President and CEO of Cambridge Credit Counseling Corp., about a new study which examines how much credit card debt the American consumer carries.
www.clearstart.co.uk - More people are shopping with credit and debit cards according to Barclaycard. But the company says the increase in use is at a slower pace than expected. The Barclaycard retail spending index shows a 0.8 per cent in April compared with March. If you are finding it hard to meet your credit card debt repayments, an Individual Voluntary Arrangement (IVA) is a good solution. By meeting an agreement with your creditors you could pay back a more manageable monthly amount over 5 years before going debt free. Head of UK payment Stuart Neal says: “We’ve seen a much lower increase in retail card spending in April, although it’s still positive news for retailers following the 18 per cent increase we saw between February and March.”
3 leading marketers from the financial services offer food for thought on what they are focusing on at the moment.
June 4 (Bloomberg) — Bloomberg’s Zeb Eckert reports on the Group of 20 meetings in Busan, South Korea. (Source: Bloomberg)
June 3 (Bloomberg) — Douglas Holtz-Eakin, member of the Financial Crisis Inquiry Commission, talks with Bloomberg’s Susan Li about the role of credit rating agencies in the financial crisis and billionaire investor Warren Buffett’s testimony before the FCIC. Buffett, whose Berkshire Hathaway Inc. is the largest shareholder in Moody’s Corp., says the ratings firm’s chief executive officer shouldn’t be singled out for blame over credit grades on mortgage-related assets that proved to be wrong. (Source: Bloomberg)
Jun03
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Daily Video Recap (5/28): Dollar, Yen Gain As Spain’s Credit Rating Downgraded
US equities, which opened lower, accelerated their losses as it was reported that Spain’s rating was cut by Fitch, downgraded from AAA to AA+. The news upset currency markets that had enjoyed a rally in higher yielding and commodity currencies, currently very sensitive to risk sentiment. The Pound fell sharply against the Dollar and Yen, while the Aussie and Loonie gave back gains from yesterday. News Provided by CMS Forex www.cmsfx.com Analyst Nick Nasad Open up a free practice account and start trading Forex today.