CreditCards.com

S. Dakota offers credit literacy to high schoolers

Emily Crone

South Dakota’s treasury office is on a mission to educate the state’s high school students about credit. If only this would catch on…
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Capital One earnings slide on loan losses

Jeremy Simon

Credit card issuer Capital One posted a decline in fourth-quarter earnings after taking a provision of approximately $1.9 billion for loan losses. The provision was made up of about $1.3 billion in charge-offs and an allowance build of around $650 million.
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Six financial survival tips for young professionals

Emily Crone

Being young and on your own is incredibly liberating, but learning how to budget and get by on an entry-level salary takes practice and restraint. Here are six tips for young adults struggling with financial freedom.
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Bank of America’s Q4 profit tumbles

Jeremy Simon

Bank of America announced that its fourth-quarter net income tumbled amid problems in the capital markets and a slowdown in the U.S. economy. Among the main reasons for the earnings decline, BofA said its provision expense rose $1.74 billion, “largely due to a $1.33 billion addition to the reserve for credit losses.” Additionally, net charge-offs (loans the bank thinks it will be unable to collect) increased to 0.91% from 0.82% a year earlier.
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Fed cuts interest rates 3/4 of a point

Daniel Ray

In a surprise move that underscores the depth of recession fears, American central bankers cut a key interest rate by 3/4 of 1 percent.
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