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Bankrate.com

Bankrate's Debt Adviser: Avoid variable-rate debt consolidation loan

Friday March 31, 6:00 am ET

Steve Bucci

Dear Debt Adviser,

One of my credit card companies has a debt consolidation loan that would
allow me to pay off my credit cards in five years at a variable rate of 7.24
percent. As the minimum payments on a couple of my credit cards have jumped
to a level such that it is now a struggle to come ...   more »

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States Shelter Risky Borrowers

Legislatures Battle Predatory Lenders

As Washington Debates Issue

By CHRISTOPHER CONKEY

March 31, 2006; Page A4

With Congress divided over federal legislation to combat predatory mortgage
lending -- the practice of persuading borrowers into taking on fee-laden
loans they often can't afford -- more than half the states have passed laws
designed to protect riskier-than-average borrowers, and others are
contemplating action to curb abuse.

At least 10 states -- including New York, ...   more »

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The Wall Street Journal
As More Rates Go Variable,
It's Easy to Get 'Bumped Up';
There Are Ways to Fight Back
By JANE J. KIM
March 25, 2006; Page B1
With interest rates rising, it's getting tougher to decipher the murky world
of credit-card terms.
For years, credit-card companies have been luring clients with offers to
lock in low fixed rates. Message: For people who carry a balance on their
card -- and the vast majority ...   more »

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Bankruptcy laws appraised by Law School panel
By Bob Brustman
Harvard News Office


Balancing protections for creditors and debtors is the goal of American
bankruptcy law. Late last year, when the Bankruptcy Abuse Prevention and
Consumer Protection Act (BAPCPA) went into effect, it upset that delicate
balance, according to members of a panel discussion on bankruptcy policy and
the middle class held at Harvard Law School on Monday (March 20).
For the past century, American bankruptcy ...   more »

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Board of Governors of the Federal Reserve System
Federal Deposit Insurance Corporation
Federal Trade Commission
National Credit Union Administration
Office of the Comptroller of the Currency
Office of Thrift Supervision

For immediate release
March 22, 2006

Agencies Seek Public Comment on Issues Related to the Accuracy of Consumer
Credit Reports and the Reinvestigation of Disputes

The federal financial institution regulatory agencies and the Federal Trade
Commission have jointly issued for comment an Advance Notice of Proposed
...   more »