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Tag Archives: Fed

Fed announcement leaves credit card APRs unchanged

Jeremy Simon

This afternoon, the Fed announced that it was leaving interest rates unchanged for the first time since last summer. The decision followed seven straight rate cuts that lowered the fed funds rate to 2 percent from 5.25 percent back in September 2007, as the central bank worked to keep a troubled U.S. economy afloat.
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Credit card activity climbs in March

Jeremy Simon

Credit cardholders are apparently charge-happy once more: After a slowdown in February, credit card activity ramped up in March.
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Credit card issuers increasingly tighten standards, Fed says

Jeremy Simon

Getting approved for a credit card became increasingly difficult for consumers with bad credit, based on the results of the latest Federal Reserve bank data.
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Reporter’s notebook: Fed meeting on unfair banking practices

The Federal Reserve’s board meeting on unfair banking practices was a fair introduction to Washington’s credit card journalistic milieu.
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Fed study deflates size of gift card industry

Daniel Ray

The Federal Reserve says the prepaid and gift card industry isn’t as big as it thinks.
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