Interest Rate Videos at WCBS 880 Video Archive at wcbs880.com

6 Nov 2009

Beware Of Credit Card Debt Reduction Offers

With unemployment in double digits, millions of people are struggling to pay their bills.

"… and got a call promise to lower at 13% credit card interest rate by half. And apparently or had -- the -- talk on the other -- had her credit card number. Then the bombshell it would cost nearly 800 dollars. -- to an unacceptable and it won't give me a minute day by your phone and a tie you back. You never heard then America again. Two weeks later -- got a packet of information including copies of all of her account but nothing about lowering her interest rate. Concerned she called credit card company and discovered in. 798. Dollars. My company in Florida he -- into it called in number …" at 0:16

1 Spoken Highlight

1:57

28 Oct 2009

MGH Shooter Went Through 'Special Officer' Training

A homicide inspector is taking over the investigation into the death of a psychiatric patient who was fatally shot by an off-duty officer after he stabbed his doctor at a Boston office building Tuesday.

"… Rose EA was repeatedly stabbed in profit on an interest rate continues her recovery tonight and we're learning more about her. And the man who sprang election to infer what happens. …" at 0:17

1 Spoken Highlight

2:27

3 Oct 2009

Home Buyers Scramble For Tax Credit Deadline

A deadline for first-time home buyers to take advantage of a federal tax credit looms one week away.

"… But -- as if the value is there any interest rates are low that it is a risk worth taking before the deadline. Because plenty of buyers like -- are cashing in our …" at 1:23

1 Spoken Highlight

1:43

25 Sep 2009

Barbara Anthony On Pay Day Loans

Undersecretary of the Office of Consumer Affairs and Business Regulation Barbara Anthony talks about pay day loans.

"… think people realize that now and any instead of getting in interest rates for a mega bank that headquartered in South Dakota for them play like that or they can import their 23% interest rate -- because federal law letting them do that. You know our our -- thank deserve a look because they do tend to …" at 3:15

"… that because they were charging approximately 500 or an interest in any interest rate at 22 we clone a 500%. Now. The so called good news is that there is a limit on the amount -- …" at 0:57

2 Spoken Highlights

4:05

18 Dec 2008

'Rate-Jacking' Perturbs Credit Card Holders

A bill designed to prevent credit card companies from jacking up interest rates fails to pass in the Senate.

Episode Duration -- 3:27

18 Dec 2008

Government Cracks Down On Creditors

Federal regulators are reigning in credit card policies that allow companies to raise interest rates and pile on extra fees.

"… abuse consumer advocates are applauding actions aimed at stopping lenders from raising interest rates on existing card balances which some say is widespread. Even if you paid them on her and they can look at another product currency related there -- even charging more things now raising rates on existing balances will be banned in all but a few cases such as when the card holder pays three days late. If you're count as balances with different interest rates. New rules -- stopped lenders from applying your payment only to the lowest interest balance. And your payments won't count -- and …" at 0:20

"… The rule will mean that. Credit card interest rates will go up across the board. And that credit will be less available the American Bankers Association says the new rules are …" at 1:02

2 Spoken Highlights

1:40

17 Dec 2008

Fed Slashes Interest Fed Slashes Rate

The Federal Reserve slashes a key interest rate down to between zero and 0.25 percent. That should translate into lower rates for mortgages, credit cards and auto and student loans for consumers, eventually.

"… down in the weeks ahead after the Federal Reserve cut its key interest rate to a record low between zero and point 25%. That's down from 1% in October. …" at 0:08

1 Spoken Highlight

1:36

5 Dec 2008

Bush Pushes Congress For Auto Loan

President George W. Bush says Congress should provide aid for U.S. automakers next week, but says the funds should come from an existing $25 billion account.

"… avoid preventable foreclosures. And speed -- a return to helping housing market. Interest rates help. -- housing market recovery interest rates mortgage rates are going now. And plus there's a number of programs in place to help Americans stay in their homes. To …" at 1:30

1 Spoken Highlight

3:28

28 Nov 2008

Experts: Be Wary Of Hidden Credit Card Fees

Before you get out the plastic this holiday season, experts say that you should be aware of hidden fees.

"… have a clause in their contract that says that they can raise. Interest rates and fees at any time for any purpose. The banks of Consumers Union says in this uncertain economy even customers who pay on time -- get hit with higher interest rates. Critic or companies set rates based on risk so charged too much missed a payment or -- a large ballots for too …" at 0:12

"… to contact your bank and tell you know we won't reduce your interest rate call back. Ask the supervisor. Because persistence. And pay off. Washington. -- meant as a. …" at 1:14

2 Spoken Highlights

1:28

25 Nov 2008

Obama's Agenda: Promises Vs. Reality

He made big promises on the campaign trail, but the current economic crisis could make it much more difficult for President-elect Barack Obama to deliver.

"… Great Depression word. The government cut its budget and the Fed increased interest rates. …" at 1:44

1 Spoken Highlight

1:51

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