Money Minute: Watchdog Pushes for Free Credit Scores; Adios, Quiznos?


The sandwich chain Quiznos is running out of dough.

Quiznos reportedly is preparing to file for bankruptcy protection, partly because of declining sales. The Wall Street Journal says the sandwich chain has been struggling with a heavy debt load for years, and has been forced to close thousands of stores. It now has about 2,100 stores, down from a peak nearly 5,000 back in 2008.

In its latest push to help consumers gain more control, the Consumer Financial Protection Bureau is pushing credit card companies to provide users with free copies of their credit scores. Consumers are already entitled to a free credit report once a year,
but this would provide another tool to understand all sorts of decisions that affect their financial lives -- everything from the rates they pay on loans to whether or not they land a certain job.

Presidents Day is long gone, but the big deals on new cars may last for another month. General Motors (GM) and Ford (F) are extending some of their best deals through the end of March. The really bad weather this year has hurt sales and led to an inventory build-up on dealer lots.

Here on Wall Street, the Dow Jones industrial average (^DJI) gained 74 points Thursday, but the focus was on the Standard & Poor's 500 index (^GPSC), which rose 9 points to close at a record high. The Nasdaq composite (^IXIC) rose 27 points. It's at the highest level in nearly 14 years, but still well below its all-time high.

Finally, despite the boom in shale oil production in North Dakota, the U.S. still has a long way to go before it can achieve energy independence. Bloomberg reports the extraction of oil and gas from those fields in North Dakota is very expensive. In addition, output from these shale oil fields drops faster than it does from conventional drilling methods. The International Energy Agency says it will take 2,500 new wells a year just to maintain current production levels.

-Produced by Drew Trachtenberg.

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ADIOS TO QUIZNOS! tried them twice, sandwich was burnt the first time and made me sick the second time. That dates back to around 1996, and I swore never to eat there again. Just recently, the local quiznos closed up and was replaced by a weight watchers store.

February 28 2014 at 2:05 PM Report abuse rate up rate down Reply

Quiznos seems to open in odd locations and low volume shopping areas. The sandwiches are smaller than Subway, for example, and shorter on content, while being more expensive.

February 28 2014 at 1:16 PM Report abuse +3 rate up rate down Reply

Who doesn't like a good sub sandwich ? The problem with single product restaurants is customers get tired of it. Submarine sandwiches are part of a much bigger Italian American cuisine including
rigatoni, lasagna, pizza, anti pasto salads, and misu desserts.
There are a few things you can do to "jazz-up" a hero sandwich that can help like the veal parmesan hero with mozzarella cheese, the biff burger sub which is basically an Italian American cheeseburger, the prime rib hero, the French Dip with Au Jus dipping sauce hero, and the sweet Italian sausage and pepper hero with grated Parmesan hero to name a few.
But again you are limited to the single product issue.

February 28 2014 at 10:08 AM Report abuse -2 rate up rate down Reply
1 reply to alfredschrader's comment

Nopea, no Italiano. Lean Cuisine-o.

Have to replace the French dip, with the Ethiopia dip, especially if you're getting a sub-sidy.

February 28 2014 at 3:20 PM Report abuse +1 rate up rate down Reply