Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Suze Orman Switch cards to CUs
NEW YORK (10/13/09)--Consumers with credit cards might want to think about doing a balance transfer to a credit union, personal finance expert Suze Orman said on MSNBC’s “Morning Joe” program Friday. “Credit unions are being more responsible to their [members] than banks,” Orman said. During the show, Orman discussed the limited availability of credit plaguing consumers and said many large banks are raising their interest rates on customers who have consistently have paid their bills. She also noted the case of a Bank of America customer who experienced an increase in interest rates on her credit card balance despite paying all of her bills on time. The woman contacted Bank of America about the rate hike, but the bank refused to help her. She then posted a video on YouTube proclaiming that she would no longer make her payments. Bank of America eventually contacted her to mitigate the interest rate (News Now Sept. 25). To view the video, use the link.
Other Resources

RSS print
News Now LiveWire
Decades-high number of #VA loans boost housing #market #NewsNow http://t.co/RhGPMs0w9e
10 minutes ago
85% of members for 100% safe with their #creditunion, says @fileneresearch study. See #newsnow http://t.co/a3deRHSp5x
15 minutes ago
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
17 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
19 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
19 hours ago