Canceling credit cards seems like a great idea to curtail all the impulsive shopping and splurging. When these pieces of plastic are adding unnecessary dollars to the monthly bills, many think of getting rid of the temptation by canceling their credit cards. But canceling credit cards can impact more than just the spending patterns. They can affect how the card holder would be perceived by future lenders. [Read more…]
No Agreement on Derivatives Trading Restrictions
One of the key aspects of the financial reform bill was to put restrictions on derivative trading by banks. But it has emerged that there are still serious differences among two senators who were entrusted with the job of shaping the rules. [Read more…]