We have all made financial mistakes at some point. When it comes to credit cards, there are a significant number of pitfalls that any consumer can make. To help you avoid these, we have compiled a list of the 10 most common credit … Continue reading
Tag Archives: interest rates
RBS Fined $612 Million in Rate-Rigging Scandal
The global investigation into the manipulation of interest rates has led to a third major bank facing significant fines and worldwide embarrassment. Today, Britain's Royal Bank of Scotland was fined £390 million or $612 million for rigging the London Interbank … Continue reading
Three Tips For Properly Using A Credit Card
Contrary to popular belief, credit cards can be a great way to make purchases, but only if you use them properly. That means you pay off the balance in full on time every month. You also have to be very … Continue reading
UBS Fined $1.5 Billion for Manipulating Libor
Today, UBS has agreed to pay $1.5 billion in fines for its role in manipulating Libor and other benchmark interest rates. This is one of the biggest fines that regulators have levied on a financial institution, and follows last week's … Continue reading
No Relief Expected on Credit Card Interest Rates
The Federal Reserve is again locking the lid on interest rates in an ongoing attempt to stimulate the economy. The Fed announced last week it would keep the federal funds rate at the historic low of zero to 1/4 percent, at … Continue reading
LowCards Weekly Credit Card Update July 13
Price of Plastic Going Up? Merchants May Get Surcharge Rights Merchants may soon begin to impose a surcharge each time a customer pays with a credit card, a practice Visa and MasterCard currently prohibit. Retailers have long pushed for the … Continue reading