Showing posts with label credit. Show all posts
Showing posts with label credit. Show all posts

Saturday, November 8, 2008

Largest Wind Farm in World Halted By Credit Crisis


The credit crunch is not just hurting the banks and the real estate market. Even the billionaire and wind energy enthusiast, T. Boone Pickens is having trouble financing his high profile 4000 MW wind farm. The proposed Texas wind farm has a hefty $10 and $12 billion price tag.

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Saturday, October 25, 2008

Credit Cardholders' Bill of Rights: What it means for you


While the $700 billion bailout and presidential election have dominated the news, the U.S. House passed a major piece of credit card reform legislation. The Credit Cardholders' Bill of Rights Act of 2008 passed the House on Sept. 23 by a vote of 312-112 (with nine members not voting).

The bill, which still needs to pass the Senate before heading to the White House, would have a major impact on everything from how credit card issuers apply cardholder payments to outstanding debt to limits on interest rate increases.

Here are some of the more significant provisions of the act:

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