Banks target convenience card users to boost profits
Banks seek new fees and higher rates to recoup profits from convenience users who pay their balances in full each month. Experts warn this group already subsidizes others, with transaction fees and potential grace-period changes on the table to push more revenue from cardholders and merchants.
MENTIONED IN THIS ARTICLE
Bill “Adcock
Synergistics Research Corp
Atlanta
At&t
Universal Card
James Daley
Credit Card News
Indei Convenience Wek
Divorce decree frees you from spouse but not co-signed loan
A divorce decree absolves the former spouses from their marriage duties but leaves the responsibility for loans co-signed together intact. The lender can pursue the other co-signer for repayment if the loan remains outstanding. The decree does not remove liability for shared debts.
Insurance coverage standards explained for policy decisions
The article outlines how insurers judge eligibility using standards such as medical history current health status and risk factors. It discusses underwriting medical underwriting uses actuarial data and policy guidelines to determine coverage likelihood and premium levels.
Cola stock pick: Malcolm Berko recommends a tall option
Investment columnist Malcolm Berko suggests a cola company as a strong pick for cautious investors. The advice centers on a recognizable, steady brand with potential for growth amid market volatility.
MENTIONED IN THIS ARTICLE
Malcolm
Berko
Tax planning urges year round review before hikes
Summer tips warn of potential IRS tax increases as Clinton and Congress shape new top brackets. With retroactive changes likely in 1993, taxpayers should accelerate deductions and defer income, using tax sheltered openings for families earning around 50 000 to 1 million.
MENTIONED IN THIS ARTICLE
Clinton
Congress
Tax tips guide readers through 1993 withholding and deductions
Readers are advised to adjust W-4 allowances using pay stubs and 1993 estimates, review 1992 write-offs, and claim missed deductions like miscellaneous items if above 2 percent of AGI. It covers 401(k) limits, Keogh plans, retirement strategies, home loan interest, municipal bonds, child employment deductions, and moving expense rules amid proposed changes.
MENTIONED IN THIS ARTICLE
Eacees
George Bush
Igent
Uncle Sam
Time shares shift from hype to high end investments
Money Matters offers guidance as reputable firms invest billions into luxury time share resorts. The piece contrasts former pressure tactics with new strategy and outlines prudent steps for potential buyers.
MENTIONED IN THIS ARTICLE
Money Matters
Banks face new rules to disclose account terms
The Truth in Savings Act took effect requiring banks and savings institutions to offer clear and uniform disclosures for checking and savings accounts. Critics call it costly while consumer advocates say it will help customers compare terms, with APY standardization highlighting differences in interest calculations.
MENTIONED IN THIS ARTICLE
Donald G. Ogilvie
American Bankers Association
Michelle Meter
Consumers’ Union
Stock Quote Hotline Offers 24 Hour Market Quotes
The Herald Journal announces a free around the clock stock quote service via NewsLine. Dial 472-2111 and enter category 9988 for NYSE AMEX NASDAQ quotes.
MENTIONED IN THIS ARTICLE
Herald-Journal
Also Mentioned on This Page
Knighi
Aues
Herald Journal News Services
Ever
Sam
Diesslin
United States
Spe
The
Associated Press
StockQuote Hotline
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