Do Credit Cards Siphon Money From the Poor to Rich?

A recent study published by the Federal Reserve Bank of Boston paints a revealing portrait of "reverse wealth distribution" perpetrated by credit card companies. Together, rewards programs (which encourage cardholders to buy frequently to rack up points to get cash back) and merchant fees (a 1-2 percent transaction fee imposed on credit card purchases) combine to create a consumer environment ...

Bank Credit-Default Swaps Headed for Biggest Monthly Drop Since April `08

An index of credit-default swaps insuring against losses on European bank bonds is heading for the biggest monthly drop since April 2008.

Ukraine's Credit Ratings Raised at S&P After IMF Approval of New Bailout

Ukraines credit ratings were raised by Standard & Poors after the International Monetary Fund approved a new $15.2 billion loan program for the country.

ICICI Q1 net meets f'cast; sees FY11 credit up 15 pct

* Sees strong credit demand from corporate, retail in FY11

Bill would protect credit scores during mortgage modification

If you are lucky enough to get your lender to modify your mortgage, you shouldn't end up dogged by a miserable credit score. That's the essence of a bill introduced in Congress recently by U.S. Rep. Jackie Speier, D-Calif.