First the dot.coms popped, then mortgages. Are student loans and higher education the next bubble, the latest investment craze inflating on borrowed money and misplaced faith it can never go bad?Some experts have raised the possibility. Last summer, Moody’s Analytics pronounced fears of an education spending bubble “not without merit.” Last spring, investor and PayPal [...]

The Federal Reserve approved a rule that would require credit card issuers to consider consumers’ individual incomes before extending credit, Bloomberg News reported on Friday. Credit card applications generally cannot request “household income” because that term is too vague for issuers to evaluate whether customers will be able to make the required payments on the [...]

Bank of America spends exponentially more money than any other bank to recruit students for credit cards. In 2009, Bank of America unit FIA Card Services paid colleges and alumni associations $62 million for the rights to market cards to students and members, according to a report from the Federal Reserve. The second biggest spender, [...]