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Tag Archives: Government Policy

New Credit Card Rules: What You Need To Know

February 24, 2010 – 3:23 pm

This week, the Credit CARD Act of 2009 finally goes into effect. Some parts of the law were phased in as early as August of last year, but consumers had to wait until now for most of the biggest changes.
For the most part, the new rules will just stop problems before they start – like [...]

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Tuesday Top 5: Year-End Tax Savings for Entrepreneurs

December 15, 2009 – 5:45 pm

Welcome to this week’s edition of our Tuesday Top 5, Econ4U’s weekly tips post to help you manage your money in five easy steps.
If you’re a small-business owner, you’ll want to pay close attention to today’s column. You may just qualify for one of the following deductions, which could save you major money on your taxes [...]

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Wrapping Your Head Around 12 Zeroes

August 14, 2009 – 3:08 pm

Suffice to say, a trillion of anything is a lot. Since most people we’ve talked to aren’t entirely clear on how big it really is, for visual learners (like myself) we put together these graphics to illustrate the enormity of a trillion dollars.
Want more visualizations? MightyBargainHunters.com has even more ways to wrap your head around [...]

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More Penalties for Young, Responsible Borrowers

June 22, 2009 – 11:31 am

We’ve covered before how new credit laws mean tighter restrictions regarding who qualifies for a credit card, and how people with sterling credit scores could face higher fees under the new regulations. As it turns out, there’s another wrinkle in the law books that gives young people a truly bum deal.
Under the new law, if [...]

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Dodd Credit Card Reform Bill Close To Passage

May 12, 2009 – 4:43 pm

A credit card can be a convenient way to manage your expenses, or an expensive way to rack up debt and exorbitant fees. If the U.S. Senate passes the credit card reform bill it’s considering this week, that could change. The bill would overhaul a lot of the regulations governing credit card agreements, and has [...]

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What Exactly Is a Counterparty Payment, Anyway?

March 24, 2009 – 3:53 pm

Much of the media attention on Capitol Hill over the past two weeks has focused on the $165 million in bonuses paid to AIG employees, but many have begun to point the finger at what they say is the “real outrage,” so-called “counterparty payments” from AIG to other financial institutions.   The counterparty question has gained [...]

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