UNIVERSAL DEFAULT....Via Roy, the Consumerist has some entertaining liveblogging of Tuesday's Senate showdown between Carl Levin and the credit card industry: 9:34: And we're off. Levin has ...

I hope Gov. George Pataki signs the bill that prohibits "universal default" by bank card issuers - the practice of increasing rates when a cardholder goes delinquent with another business.

BOSTON (MarketWatch) -- Credit-card providers appear to be moving "universal default clauses" -- where interest rate increases are based on the way customers handle other credit accounts -- deeper ...

Relying on a "universal default" clause in their card agreements, the companies raise rates if the cardholder is late or misses a payment to a third-party creditor.

Universal default is a credit card policy as cold as deep space. It lets a creditor hike your rates if you make a late payment — even if it’s not to them. They can hike your rates if you’re ...

The universal default provision, sometimes unnoticed among the various features in your credit card agreement, allows your credit card company to raise the interest rate you pay if you are late on ...

We're taking you back to the basics with our summer refresher course on finance terms. Today, learn how one bad financial decision can snowball thanks to universal default.

Wasn't universal default covered in the CARD Act? The CARD Act, which became effective in February 2010, was supposed to eliminate universal default, wasn't it? Well, partly.

Get your news from a source that’s not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. I forgot to blog about this earlier, but here’s the latest news on Chris Dodd ...

WASHINGTON - A bill moving through the New York legislature barring the application of universal default to cardholder accounts would apply to a broader set of practices than similar bills that have ...

There is no universal default position. We derive our beliefs from where we live and how we are raised. Monotheistic religions, multi-deity religions, God of the earth, sun and moon or no God at all.

“UNIVERSAL DEFAULT”….I was chatting with a friend on Friday who suggested that Democrats needed to adopt more populist economic policies, things that really helped (and resonated with) the ...