Tag Archives: Federal Reserve

Before crash, we spent more, but liked it less

Matt Schulz

Consumer confidence and consumer spending had generally walked hand in hand over the past 30 years — sometimes rising, sometimes falling, but rarely straying too far from one another. That all changed somewhere in the middle of this decade, according to a new essay from economists with the Federal Reserve Bank of Chicago.
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Bernanke says card relief coming ‘any day now,’ discloses mall research

Daniel Ray

The coverage of Fed Chairman Ben Bernanke’s meaty speech yesterday rightly focused on his remarks about the overall economy. But he did give some insight into the Fed’s actions regarding credit cards, and since we’re CreditCards.com, I figured it would be worth presenting those remarks in depth here.
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‘Bum deal for bum credit’ notification rule moves forward

Daniel Ray

A federal proposal would force lenders to tell consumers “You’re getting a bum deal because of your bum credit.”
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Loan officers’ survey: Credit card lending standards tighten sharply

Daniel Ray

Credit card issuers sharply tightened lending standards in July, hiking rates, slashing credit limits and generally getting stingier about issuing cards, according to a Federal Reserve survey released Monday afternoon.
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Philly Fed considers gift card protections

Jeremy Simon

Gift cards may not provide the same level of protection as credit cards and debit cards, but gift card users are not left completely unguarded, according to a report released this month by the Federal Reserve Bank of Philadelphia.
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