Last month, the Senate Banking Committee narrowly approved legislation that would curb some fee and interest hikes by credit card companies, while simplifying gift card use. The Bill, referred to by multiple names including the Credit Card Accountability Bill, Responsibility and Disclosure Act, or CARD Act, reached this latest hurdle one day prior to April [...]
Entries from April 14th, 2009
Credit Card Accountability Bill Narrowly Passes Senate Banking Committee
April 14th, 2009 · No Comments · Credit Cards
Tags: 2009 proposed credit card reform·CARD Act·Credit Card accountability bill·credit card legislation·credit card reform·Credit Cards·Responsibility and Disclosure act
You’ve Had Your Rewards Points Taken Away- Do You Pay?
April 13th, 2009 · No Comments · Credit Cards
It’s a question many previously loyal department-store credit card holders are asking themselves as merchants go out of business, taking their credit card accounts and hard-earned rewards points with them. Actually, that’s not exactly correct, consumers are still liable for their outstanding balances. But some of the incentives that lured them into making those purchases [...]
Tags: Department Store Cards·department store credit cards·private-label cards
