Monday, March 1, 2010

“New titles cover personal finance from all angles - Oregonian” plus 1 more

“New titles cover personal finance from all angles - Oregonian” plus 1 more


New titles cover personal finance from all angles - Oregonian

Posted: 28 Feb 2010 12:31 PM PST

Monday's Personal Finance stories - Marketwatch

Posted: 22 Feb 2010 01:07 PM PST

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By MarketWatch

Don't miss these top stories:

More provisions of the new credit-card law go into effect today, but most of the news lately is about how card issuers are finding new ways to skirt those consumer protections. Is anyone surprised? The new law crimps some major sources of revenue for card companies; of course they're going to come up with new ways to make money.

And the new law isn't causing card issuers to hold back. Read Jennifer Waters' story today on how companies are ramping up their credit-card solicitations again. It's just like the good old days! Only, these offers come with vastly different terms, including higher interest rates and higher fees.

To my mind, most consumers have two tasks ahead of them: Assess whether your cards are fixed-rate or variable-rate, because variable-rate cards aren't protected in quite the same way under many of the new provisions. (See this Federal Reserve page for all the details and exclusions.)

The other task? Pay down that debt. No matter what consumer protections are in place, you are paying a steep price for the pleasure of letting that debt ride month to month. Of course, given the financial difficulties many people are facing, some may be turning to credit cards as a last resort that can't be avoided. But for the rest of us, new law or no, it's never a good idea to carry that kind of high-rate debt.

-- Andrea Coombes, Personal Finance editor

Credit card offers abound, but terms have changed

For the first time in three years, credit-card issuers are ramping up their mailbox solicitations, but don't expect to see your father's credit-card appeals. Variable interest rates, higher annual fees and a host of new charges will be hidden in the fine print of these offers.
See story on higher credit-card interest rates and new fees.

The new credit-card traps

A new federal credit-card law that takes effect Monday could erase billions of dollars a year in fees and interest charges paid by consumers. But card issuers are already deploying new tactics that could prove costly for even the most cautious cardholder.
See story on new credit-card traps.

New rules for credit cards

New laws regulating the disclosure of credit fees and rate increases took effect. Mary Pilon discusses the ways consumers and credit companies will be affected.
Watch Video Report.

Build credit with gas card

Looking to establish or rebuild your credit? Consider charging some gas. Using private-label gas credit cards, which can only be used at gas stations, can help you establish a positive payment history.
See story on building credit with gas cards.

CARS

Toyota president to face congressional grilling

Toyota President Akio Toyoda goes before Congress this week to explain his company's handling of a rash of auto safety recalls.
See story on Toyota's president goes before Congress.

Toyota touted savings from limited 2007 recall

A U.S. congressional investigation into Toyota Motor Corp. has turned up documents revealing that the auto maker saved more than $100 million through negotiations with U.S. safety regulators that helped limit an equipment recall in 2007, according to news reports Monday.
See story on Toyota touting savings from limited recall.

2010 Nissan Altima

It does not seem possible that the Altima has been around for 17 years, yet it is long enough for Nissan to sell more than 3 million of them. It does, however, back up my experience that those who have owned an Altima like them and tend to come back for another.
See Car Review.

HEALTH CARE

Obama attacks health-care costs in detailed plan

American families would get increased tax credits to make their health insurance more affordable and the federal government would get new power to oversee insurance rates under a wide-ranging health-care plan released Monday by the White House.
See Health Care.

A closer look at Obama's health-care plan

With a high-stakes bipartisan "summit" ahead, President Barack Obama unveils a detailed blueprint for overhauling the U.S. health-care system. Here is a look at how this election-year document would change that system in several key areas.
See Health Care.

Health-care shocker: Policy premium rises 69%

While lawmakers and President Barack Obama are lamenting premium hikes of up to 39% that Anthem Blue Cross of California plans to charge policy-holders, Lori Creasey says that's nothing. Try 69%.
See Health Care.

BANKS

Which bank executives are turning down bonuses?

Lent began last week, and, in the spirit of the times, several bank CEOs are forgoing -- or accepting drastically reduced -- 2009 bonuses. See how your favorite bank chiefs did in 2009.
See story on bonuses.

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