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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: rate increase

rate increase stories: 3 news summaries

(Newser) - As many Citigroup customers are already painfully aware, the lender has drastically increased rates on some 15 million credit card accounts, the Financial Times reports. Holders of Citi cards co-branded with retailers such as Sears saw their interest rates climb by as much as 24%—or 3 percentage points—between... More »

MORE ABOUT:
Citigroup • credit card • rate increase • Credit Cardholder's Bill of Rights • credit card reform

(AP) - Putting himself on the side of fuming consumers, President Obama is pushing for Congress to send him legislation by Memorial Day that would immediately reign in the credit card industry, he said in his radio address this morning. The House has passed a bill banning several predatory practices, but it... More »

MORE ABOUT:
credit card • consumer debt • predatory lending • Government Credit Card Abuse Prevention Act • President Obama • rate increase • Credit Cardholder's Bill of Rights

Denied Rate Hike, State Farm to Axe Fla. Home Insurance

Company holds 1.2M policies in state hit hard, and often, by nature

Jan 27, 09 1:34 PM CST
(Newser) - Citing a “weakened financial position,” State Farm’s Florida operation is planning to completely exit the home insurance business there within 2 years, the Miami Herald reports. Such a move would need regulatory approval, and require a 180-day heads-up to affected homeowners. The move comes after the insurer,... More »

MORE ABOUT:
Florida • insurance • regulation • homeowners • property insurance • State Farm • home insurance • rate increase

3 Stories


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