Small business credit took a huge hit in 2009 and indicators show that 2010 will be another tough year for those looking for small business loans. Major banks cut their loan balances by another $1billion in October, according to Treasury report. Of the 22 banks that got the most help from the Treasury’s bailout programs [...]

JPMorgan, the nation’s second-largest bank said a new law that limits unfair rate hikes and hidden fees will cost upwards of $750 million a year. the information is here in their quarterly report. The Credit Card Accountability, Responsibility and Disclosure Act of 2009 bans or limits deceptive and unfair practices, such as retroactive rate increases, [...]