Interest rate

Send Credit Card Banks a Message, and Save Money

Remember Bank Transfer Day? Well, mark your calendar: Dec. 11 is being publicized as "Balance Transfer Day," with Americans urged to transfer their credit card balances from high-interest cards to low- or no-interest ones.

How to Score the Right Credit Card for You

Credit card banks know plenty about you -- but what do you really know about them? CreditKarma.com wants to give you the inside scoop on which cards cater to whom, so you'll be able to find the best fit for you -- and avoid having your credit report dinged by turn-downs.

Online Pawn Shop Polishes Up an Old Lending Idea

Two-year-old Pawngo bills itself as a more upscale pawnshop for the digital age, catering to a new breed of pawn customer -- not desperate, just temporarily cash-strapped. The company wants to dispel the stereotype of sketchy storefronts dealing in fenced goods -- and so far, it has had a fair amount of success.

Buyers Beware: Business Credit Cards Are a Bad Deal

When the Credit CARD Act of 2009 was enacted, the goal was to make credit cards safer for people, but banks have found a loophole. Those consumer protections weren't extended to cards designated for business or commercial use, and as a result, millions of American households are at risk from the same unfair bank practices as before.

How to Lend Money to Friends Without Losing Both

Lending money to friends and family ranks among the most pernicious of relationship stressors. It's not just the cash -- it's the emotions we all carry about it. But with a little planning, you can help someone out of a financial bind without putting your friendship in the red.

Can the Fed Keep Downplaying Inflation?

When a Federal Reserve committee meets Tuesday to consider the federal interest rate, it will likely revise its glum outlook into something brighter. But will it also acknowledge the U.S.'s growing inflation problem?

China's Christmas Rate Hike Drags Banking Shares Lower

China's 25 basis point hike in the one-year base lending rate sent banks spiraling and crippled real estate shares. The Shanghai Composite Index sank 1.9%, but in Japan the Nikkei 225 Index rose 0.8%. The Hong Kong Stock Exchange was closed for the Christmas holiday.

Oil Prices Soar to Five-Month High

Oil prices reached their highest point in five months due to the combination of a weakening dollar, an interest-rate cut in Japan, a strike by French workers and a barge crash that closed off a Texas shipping route.

Japan Cuts Interest Rate to Zero

Japan's central bank has cut its key interest rate to a range of 0% to 0.1%, effectively introducing a zero-interest-rate policy.

Despite Pressure, the Fed Is Low on Options

Home sales are way down, unemployment is still high, and investors are waiting for the Federal Reserve to take action. But while passions run high about what the Fed should do next, its ability to move the needle on GDP growth or unemployment may be more limited than most assume.

New Hidden Fees on Credit Cards

A new report by the Center for Responsible Lending shows that issuers have created or expanded at least eight hidden charges to replace the income they anticipate losing because of newly enacted laws and Federal Reserve rules intended to stop credit card abuses.

How to improve credit terms

When Congress passed the credit card reform act known as CARD many people breathed a sigh of relief, hoping that accountability and responsibility...

Guaranteed to lose spending power

With an unpredictable stock market, savers are looking for safe havens for their money. The issue of maintaining an account balance is particularly...

More interest rate cuts likely

Federal Reserve Chairman Ben Bernanke has suggested he's entertaining the thought of more interest rate cuts. He says that cuts are possible this...