Citibank announced yesterday that it was raising rates on about 20% of its credit card customers. Other credit card companies are doing the same and cutting credit limits.
Fannie Mae, Freddie Mac, and Citi have announced plans to cut mortgage payments or princpal on some loans and extend payment terms on others. Cutting principal, where do I sign up.
The SEC shut down Lending Club in March, then Prosper, and finally Loanio this week....Regulators have concluded that loans created in these networks are in fact securities and must be registered...
Good summary of the social lending, or P2P lending market. In it, site's enable users to lend to each other, bypassing banks altogether. It's nascent but has potential.
Techcrunch reports that Lending Club, the Facebook exclusive person-to-person lending service has passed the $100,000 mark in loans to Facebook users.
Maybe this is impressive but from a banking...
Sign up for this Bank of America WorldPoints MasterCard Credit Card and receive $75 statement credit after making a purchase totaling $25 within 45 days of the account open date.
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