Credit Card Companies Seek to Lower Their Risk

Credit card companies seeking to lower their risk have several ways to go about it, and they’ll be using, when the new laws go into effect. Some consumers are being hit with lowered credit lines – sometimes lower than their outstanding balances. This triggers over-limit fees and causes panic in those consumers who are unable to pay the balance down below the new credit limit. So you can get a free credit report.

Mortgage Rates Lower Still, But Progress Is Slow

Mortgage Rates improved marginally from yesterday's new all-time lows.  Without any major scheduled events to digest, bond markets were left to their own devices and paid a decent amount of attention to a sell-off in stocks. 

Alabama Bank's Failure Raises 2012 Total to 24

The Office of the Comptroller of the Currency closed Alabama Trust Bank in Sylacauga on Friday, making it Alabama's first bank failure in more than a year.