When will they figure it out? Wells Fargo and Chase have announced they plan to kick consumers while they are down again. Credit card rates are being increased, 3 percentage points by Wells following a similar increase by Chase, in the worst economic climate since the 1930s. A Wells Fargo spokesman said that the bank [...]
Consumer Price Index
Congress uses the consumer price index to adjust many figures in the Bankruptcy Code. For example, Chapter 13 debt limits are adjusted every three years using the consumer price index. Economists often quote the consumer price index “CPI” as support when they report on the economy. The personal consumption expenditures price index “PCE” has recently [...]
