Buffett Ends Credit-Card ‘Fiasco,’ Sells Receivables (Correct) (Bloomberg)

(Corrects rate at which loans were sold in first paragraph.) March 1 (Bloomberg) — Billionaire Warren Buffett shut a Berkshire Hathaway Inc. credit-card business and sold bad loans at 55 cents on the dollar in what he called a “very expensive business fiasco.”

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Buffett Ends Credit-Card ‘Fiasco,’ Sells Receivables (Correct) (Bloomberg)

Credit unions may offer best charge card rates (Detroit News)

You’re fed up with your bank’s credit card fees and terms. Would switching to a credit union bring any relief?

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Credit unions may offer best charge card rates (Detroit News)

Buffett Ends Credit-Card ‘Fiasco,’ Losing 45 Cents on Dollar (BusinessWeek)

Billionaire Warren Buffett shut a Berkshire Hathaway Inc.

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Buffett Ends Credit-Card ‘Fiasco,’ Losing 45 Cents on Dollar (BusinessWeek)

New credit card rules protecting consumers (Bangor Daily News)

With more than a little fanfare, the rest of the federal Credit Card Holders Bill of Rights took effect last week.

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New credit card rules protecting consumers (Bangor Daily News)

Video: New Credit Card Pitfalls (The Trentonian)

With the new credit card regulations in place card issuers have come up with more practices that are unfavorable for consumers. SmartMoney.com Senior Consumer Reporter Kelli Grant tells us about five new tricks cardholders need to watch out for.

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Video: New Credit Card Pitfalls (The Trentonian)

Make it your business to learn new credit card rules (Honolulu Advertiser)

WASHINGTON — “Credit card debt, does it ever end?” That’s a haunting line delivered by comedian Amy Poehler in a 2006 “Saturday Night Live” skit also featuring Steve Martin and Chris Parnell. The sketch was brilliantly and simply titled “Don’t Buy Stuff You Cannot Afford.” (You can view it on Hulu.com).

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Make it your business to learn new credit card rules (Honolulu Advertiser)

St. John housing official used agency credit card to buy personal stuff (New Orleans Times-Picayune)

The director of the St.

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St. John housing official used agency credit card to buy personal stuff (New Orleans Times-Picayune)

Latest credit card statments reflect changes in law and include information you shouldn’t ignore (The Tuscaloosa News)

By Patrick Rupinski Staff Writer Credit card bills are getting a new look, and cardholders are being advised to pay close attention to them.

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Latest credit card statments reflect changes in law and include information you shouldn’t ignore (The Tuscaloosa News)

Personal Finance: Consumer-friendly credit card regulations take effect (The Scranton Times-Tribune)

New federal credit card rules that kicked in on Monday outlaw the most egregious industry practices, such as retroactive interest rate increases and hidden fees, that have cost customers billions of dollars a year. But Obama administration officials and

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Personal Finance: Consumer-friendly credit card regulations take effect (The Scranton Times-Tribune)

Here’s how to make new credit card rules work in your favor (The Indianapolis Star)

Joseph Strickland, 55, Brooklet, Ga., never has made a late payment on his credit cards. So he was more than a little perturbed last year when he received a letter from Capital One, informing him that the credit card company planned to increase the 7.9 percent interest rate on his $7,000 balance to 17.9 percent.

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Here’s how to make new credit card rules work in your favor (The Indianapolis Star)

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