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The Credit CARD Act is helping households pay down balances faster, with a third of low- and middle-income households that carry credit card debt reporting that new disclosures have caused them to pay down their balances faster.

With anti-regulatory fervor gripping Washington, it’s difficult to imagine both parties working together to enact successful public safeguards that protect Americans. But it wasn’t that long ago that strong, bipartisan majorities in both the House and Senate took action to defend consumers against

David Brooks offers up a spirited defense of private equity today in the Times, and many of his points make perfect sense: In fact, many private equity firms don't set out to laden the firms they buy with debt and cash out before the company goes bankrupt.

The economy may be growing again, but many Americans are still in a cash crunch. In the past year, 40% of low- and middle-income households used credit cards to pay for basic living expenses, such as rent or mortgage bills, groceries, utilities, or insurance, according to survey released Tuesday by

Signed into law on May 22, 2009, the Credit CARD Act has benefited millions of households in ways that directly affect their monthly budgets.

Cory Booker didn't distinguish himself as a particularly adept politician when, yesterday on Meet the Press, he undercut the Obama campaign's message by criticizing its attacks on Bain Capital. Booker is a surrogate for the campaign after all, and if there's one thing that's expected of surrogates

Big paydays for founders like Mark Zuckerberg have less and less to do with the creation of middle-class jobs for everyone else.

Staring back at me from the front page of Sunday’s New York Times was a headline that promised an answer to a puzzle that had endured for more than a month, and which I have explored here and here. The blame for the multi-billion dollar JP Morgan credit default swap fiasco had been discovered.

It's no secret that Facebook's IPO will feed one of the most troubling trends in America today: the extreme concentration of wealth in the hands of a tiny elite.

Washington, D.C. -- The United States Supreme Court should not summarily reverse the decision of the Montana Supreme Court upholding a state law restricting corporate spending in Montana elections, argue former acting Solicitor General Walter Dellinger and Professor James Sample of Hofstra Law