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Congress considers credit card legislation

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Congress is considering legislation that would require the two major credit companies to negotiate hidden credit card processing fees. The fees cost the average household more than $400¬†annually. “In the middle of one of the worst recessions seen in decades, consumers can’t continue to pay artificially inflated prices just so the credit card industry can… Continue Reading Congress considers credit card legislation

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Retail sales increase slightly

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U.S. retail sales beat analysts expectations for the second straight month, according to the National Retail Federation. The NRF report noted that retail sales rose .6 percent seasonally adjusted from January. Meanwhile, January’s sales figures were revised up from .5 percent growth to 1.4 percent seasonally adjusted month-to-month. Though NRF Chief Economist Rosalind Wells remained… Continue Reading Retail sales increase slightly

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