Saint Martin's business students will present free seminar on new
financial laws affecting consumers
Nov. 16, 2005
Lacey, Wash. – Wait! Before you begin running up big
credit card bills this holiday season, plan first to attend a cautionary
seminar being presented Nov. 22 by the Saint Martin’s University
Business and Economics Club.
Several changes in the financial industry recently
have taken place or are being implemented with the beginning of the new
year that have serious ramifications for consumers. The collective
changes may well catch consumers unaware, since many have not been
well-publicized. And for those already in marginal financial health,
they could cause undue hardship.
The free seminar, “The Perfect Financial Storm,” is
from noon to 1 p.m. Nov. 22 at the university’s Worthington Conference
Center, 5300 Pacific Ave. SE, Lacey. Students will be sharing what
they’ve learned from their research about changes affecting us all so
that consumers can make informed spending decisions as the holidays
Among the topics students will be covering are:
- Probable interest rate increases being made in
December by the Federal Reserve.
- The rise in personal debt loads from
the compounding of higher interest rates.
- A new law increasing minimum
monthly payments on credit card debt.
- Credit card companies becoming
more aggressive about fees, interest rates and grace periods.
newly instituted bankruptcy laws.
- Growing problems, predators and
confusion in the credit counseling industry.
- Equity and interest
ramifications of a possible real estate market collapse.
For more information about the seminar, please
contact Riley Moore, Ph.D., the club advisor, at 360-438-4511;
For more information:
Assistant professor, economics and finance
Media coordinator / senior editor