The new rules regulating credit cards that went into effect Monday could put new burdens on consumers, The Association of Settlement Companies (TASC) announced. The Credit CARD Act includes provisions such as variable interest rates with no caps, the return of annual fees and no caps on service fees after the first year, all of which can make it easier for consumers to get into debt.
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In early April, HousingWire Columnist Logan Mohtashami wrote about five indicators that would show when “America is back.” Now, he’s checking in on each data point to see where the U.S. housing market stands.
Engaging with the data, even soft data like surveys of opinion gives us reliable hints into what to expect in specific segments of the economy and what parts are going to recover faster.