interest rates
Bank of America Extends CARD Act Protections to Small Biz
Bank of America recently announced it will give small business relief from fees for going over credit limits and apply their payments to the portion of their balances with the highest interest rate. The announcement makes BofA the first major small business card issuer to commit to not retroactively raising interest rates on old balances. Full Article.
Feds Ponder How & When to Raise Interest Rates
Opinions differ between policy makers at Federal Reserve as they consider when and how much to raise the benchmark interest rate from its current level. Full Story.
