Word: consumerized
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If you pay your credit-card bills in full each month, you probably didn't take much notice when President Barack Obama signed legislation in late May aimed at keeping banks from doing such things as hiking interest rates with little or no notice and engaging in other consumer-unfriendly...
Adam Levin, co-founder of consumer-information website Credit.com predicts credit-line cutbacks will accelerate as card companies try to shore up their finances before the new regulations take effect early next year. "Credit-card companies are on a reign of terror," he says. "The new rules aren't going...
8 | Detroit Fiat Takes Control of Chrysler Chrysler's planned alliance with Italian carmaker Fiat was cemented on June 10 after the U.S. Supreme Court declined to hear a challenge to the deal brought by Chrysler's creditors and concerned consumer groups. The White House--backed arrangement gives Fiat a...
Don't get them wrong: publishers are thrilled that Amazon is putting all these resources into the Kindle. Any new retail channel for books is a godsend. They're just concerned that the precedent being set is unworkable. "Amazon picked a cost in the beginning that they believed the consumer...
Bank regulators were willing to countenance those kinds of risks because their main charge was keeping banks healthy and profitable. A separate consumer agency would presumably be much tougher. It would also probably curtail financial innovation and keep some Americans from getting loans - as banking groups, who like the consumer...