Credit Suisse launches new service for Indian billionaires

Credit Suisse has launched a Single Family Office in India with the new service aimed at ultra-high-net-worth and high-net-worth individuals with large family-owned enterprises.

Why Britain, chose not to join the euro zone!

In what would be the first step toward a European banking union, the European Central Bank will become the main regulator for the biggest banks in the 17 nations that use the euro as their currency as soon as Jan. 1.

FICO released data about its best credit risks

How to achieve best credit score. The credit scoring company, FICO, released data about its best credit risks – the people who score in the top 25 of all credit scores.

Credit Cards: There are two different interest rates

One of the very simple but so important factors in any loan is the interest rate. Depending on how you calculate

A new industry to regulate: on the penalty of debt will begin to work from January, 2 2013

Starting January 2, the Consumer Financial Protection Bureau will have a new industry to regulate: debt collectors. The CFPB is making waves in consumer finance, striking deals with the credit card industry as well as bankers at large to make the industry operate on rules that stress fairness and clarity for consumers.

Some tips of Protect Your Finances living in a shared apartment

Living with a significant other may not seem like a typical roommate situation, but when it comes to finances, more people should treat it like one. At least that’s the advice in a recent article from Fox Business.

Two federal agencies announced that they are working together!

Two federal agencies announced on Thursday that they are working together to create the first comprehensive repository of detailed mortgage loan information. 

Questions on why Pandit had to leave.

As it becomes increasingly clear that Vikram Pandit was forced out as chief executive of Citigroup (C) on Oct. 16, the question for the board is why.

Pleasant news: Mortgage rates rose slightly

Mortgage rates rose slightly on Tuesday, even though financial markets were fully closed due to Hurricane Sandy.  The market closure meant that there was no trading on the secondary mortgage market, but most lenders remained open, and released rate sheets accordingly.

FICO researchers explain how to earn high credit scores!

Bankers helped enrich the lives of more than 130,000 American children by participating in Get Smart About Credit Day during October. The American Bankers Association Education Foundation and its partner banks staged financial literacy events in over 450 communities.

Four tips on how to avoid credit repair scams.

Lenders use your credit score to measure your ability to repay debts. The better your score is, the more likely you are to qualify for credit cards and loans at favorable interest rates.

Innovation: IBT has developed a strategic identity theft prevention plan with Red Flag Alerts in Real-Time

IBT, a leading innovator of best of breed solutions of cost effective enterprise-wide technology for financial institutions, now offers real-time red flag alerts to its fraud prevention initiatives product suite for Internet banking and mobile banking.

Will introduce new rules to control debt collection

The country's largest debt collection companies will face new oversight starting in January, the federal consumer watchdog agency said Wednesday -- a move designed to ensure that businesses play by the rules in their contacts with consumers.

The basic principles of saving accounts

The banking profession is almost as old as civilization itself. In their simplest form, banks took the money of a large number of people and lent that money to borrowers.

Spyware snooping around your credit card

Your credit card could soon be tattling on you to marketers.

At least that’s the conclusion being drawn by the Financial Times and Wired after analyzing an online presentation from MasterCard, offering up cardholder data to online marketers looking to zero in on holiday shoppers (the presentation has since been taken down).

Mortgage Rates Finally Hold Their Ground

After moving higher every day this week mortgage rates finally held their ground today.  Despite moderately lower Treasury yields and healthy improvements in the mortgage-backed-securities market, the actual rates that made their way onto lenders' rate sheets represented more of a "ground-holding" than a triumphant "bounce back" to previously lower levels.

Data helps MasterCard and its partners determine advertising that would be most attractive to the credit card user.

Data into DollarsMasterCard, the largest global payment network, is under scrutiny for a data digging project that raises some concerns about privacy. The company was said to have launched a new business whereby it uses consumer data to determine more about their users. This information is then sold to third parties for advertising and marketing campaigns.

Possibility of finding a Reward Card for budget hotels

Free airline flights are easily the best known travel rewards perks. However, for frequent travelers, cashing in travel rewards for free hotel stays can offer great value, particularly when traveling to big cities where hotels can easily cost upwards of $300 a night.

Restaurant owners reject proposed Visa, Mastercard

The country's largest restaurant trade group joined a chorus of detractors claiming that a proposed settlement over credit card interchange fees doesn't go far enough to foster competition among merchant banks. In a statement to reporters, Dawn Sweeney, President and CEO of the National Restaurant Association, said that the pending deal with Visa, MasterCard, and a host of member banks will not "fundamentally change a broken marketplace in which swipe fees are set."

Mortgage Rates interest rates remain conventional loans at 3.25%

After managing to improve on Thursday and Friday,mortgage rates begin the current week slightly higher.  Even so, the changes between Friday and today are minimal in most cases and several lenders are actually unchanged or slightly lower in rate/fee.  This leaves the prevailing Best-Execution rate for 30yr fixed, conventional loans at 3.25%.