Personal Finance News - 'federal reserve' Tag

In 2010 thirty million American citizens were contacted by collection agencies over their medical bills.

Reports published by the Federal Reserve earlier this month indicate that consumer credit card debt has fallen for the second month in a row.

Recent information has confirmed that fewer numbers of consumers are initiating complaints against credit card companies than last year.

Six of the biggest credit card issuers of the country are anticipating for higher loan balances as they enter the year 2012.

Increasing numbers of American citizens have searched for credit in late 2011, but banks didn’t help them in their efforts.

According to statistics provided by Experian and the Federal Reserve, the American public increased their credit card debt over the 2011 holiday season but without going too far.

An already slumping house market has been a source of alarm for the economists for a long time now.

A group of 25 bipartisan United States representatives have asked the Consumer Financial Protection Bureau to revisit rulings which prevent stay at home spouses from being able to open their own credit card accounts.

When it comes to your credit score it turns out that your Grandmother was right all along. Patience truly is a virtue. A new study shows that impatient people are more likely to damage their credit score.

A recently conducted survey from The Pew Research Center has indicated that while most families are struggling financially in the current economic climate, young families are bearing the most hardship.

A new study carried out by the New York Federal Reserve Bank claims that American consumers are on the whole fairly ignorant about how much debt they are actually carrying.

Capital One’s proposed acquisition of ING Direct is pending approval by the Federal Reserve, if the deal, worth $9.2 billion, is approved Capital One will become the fifth largest bank by deposits in the United States.

A recently released Federal Reserve study shows that the number of new student credit card accounts opened through colleges and alumni associations has dropped 17 percent from the previous year.

According to a Federal Report issued last Thursday, credit card companies are still aggressively pushing credit cards to college students and alumni despite new transparency and regulation.

In recent months several major banks have been introducing addition fees here and there in anticipation of losses caused by the cap on debit card interchange fees which has just come into effect.