Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Top News

Credit card firms try end run around new federal rules

Jul. 8, 2009
Because the law would restrict interest rate hikes unless a card has a variable rate, some banks are doing away with fixed rates. Banks are quietly changing the terms of millions of credit card accounts as they brace for a tough new law that will limit rate hikes.
Related Stories from UPI.com

Credit card rates rise, law or no law

WASHINGTON, June 30 (UPI) -- U.S. banks are raising credit card rates and fees as fallout from the recently passed credit card law, an industry lobbyist said.

House passes Credit Card Bill of Rights

WASHINGTON, May 1 (UPI) -- A bill aimed at protecting U.S. holders of credit cards from arbitrary interest rate hikes passed the House of Representatives 357-70 Thursday.

British borrowing costs at 6-year high

LONDON, July 6 (UPI) -- The Bank of England, pushing through its fifth interest rate hike in less than a year, lifted borrowing costs to a six-year high. The decision to raise base rates another quarter-point, to 5.75 percent, Thuraday sent interest to its highest level since Fe

U.S. mortgage rates up for third week

NEW YORK, June 29 (UPI) -- U.S. fixed mortgage rates have increased for the third consecutive week as higher interest rate expectations take hold.

U.S. interest rates at 2-month high

NEW YORK, Feb. 16 (UPI) -- Both fixed and adjustable U.S. mortgage rates increased for the fourth consecutive week in the seven days ending Feb. 11.

S&P: Rate hikes won't hurt emerging mkts

NEW YORK, Oct. 4 (UPI) -- Credit rater Standard & Poor's said Monday U.S. interest rate hikes won't affect the credit of most emerging market sovereigns.

Czech central bank hikes key interest rate

PRAGUE, Czech Republic, Aug. 26 (UPI) -- The Czech central bank said Thursday it had raised interest rates by 25 basis points, bringing the key market rate to 2.5 percent.

Greenspan suggests rate hikes coming soon

LONDON, June 8 (UPI) -- Federal Reserve Chairman Alan Greenspan said Tuesday the Fed will consider tightening interest rates to contain inflation.

Czechs keep interest rates steady

PRAGUE, Czech Republic, April 29 (UPI) -- The Czech central bank left interest rates steady at 2 percent Thursday but dropped clear hints to financial markets that future rate hikes were coming.

United States should warn of rate hikes

WASHINGTON, April 19 (UPI) -- The International Monetary Fund will likely ask the U.S. Federal Reserve to warn the world if it plans interest rate hikes, the Financial Times reports.
1 of 25
President Obama awards the Presidential Medal of Freedom in Washington
View Caption
President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch