A new credit card regulation aimed at protecting consumers from “unfair” and “deceptive” practices used by issuing companies came into effect Monday.
President Barack Obama’s Credit Card Accountability, Responsibility and Disclosure Act (CARD Act) will have more effect on youngsters than other age groups.
The Act protects gullible youths by controlling the marketing of unsolicited credit card [...]
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2010
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2010
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7
2010
BoE leaves rates untouched
In its policy meeting, the BoE decided to keep interest rates unchanged in order to support the economy in its recovery. Further, the central bank left its asset purchase programs unchanged and continued to pursue quantitative easing as the economy claws its way back from the worst post-world war recession.
The central bank however contended that [...]