>First Line News – Business –
Friday, December 19, 2008
Fed OKs Credit Card Crackdown
Cash-strapped consumers got some welcome news on Thursday when regulators voted to rein in controversial credit card practices. But they’ll have to wait another year and a half to get relief – the new rules won’t take effect until July 1, 2010.
How Shutdown Really Saves Chrysler Money
A temporary plant shutdown gives an automaker the chance to stop making cars and sell off the ones that are still sitting around. But in Chrysler’s case, the benefit comes from the money it saves on day-to-day costs.
Mortgage Refinancing Surge Expected
Homeowners are being tempted to refinance their mortgages as the nation’s struggling economy produces the lowest interest rates in nearly a half-century.
Mortgage Rates Tumble to Lowest Since 1971
“A whole new game,” mortgage broker says; but labor market still weak.