Banks and some pundits had predicted that credit card users would face
skyrocketing interest rates, a spike in annual fees and a plethora of
other negatives after stringent new rules on cards kicked in last year.
A late fee isn't the only repercussion for a missed credit card payment.
Many cardholders also have to start paying a much higher penalty
interest rate. That will soon be the case for Bank of America customers
No matter how many subjects they're acing, most college students these
days find economics a grind. Tricky financial calculations influence
everything from what school they attend and what major they choose to
how quickly they finish their degrees — or whether they graduate at all.