If financial consumer advocates get their way this summer, Elizabeth Warren will be confirmed as the head of the new U.S. Consumer Financial Protection Bureau. Warren, a Harvard Law School Professor, for years spoke critically and publicly against the predatory lending practices by the credit card companies. Many give her credit for exposing the issues [...]
Entries Tagged as 'Credit Card Accountability Responsibility And Disclosure Act'
Elizabeth Warren Needs You – Stop Funding Cuts in Consumer Protection
March 4th, 2011 · 1 Comment · Consumer Info, Credit Cards
Tags: Bankruptcy·Congress·Credit Card Accountability Responsibility And Disclosure Act·Credit Cards·Elizabeth Warren·overdaft fees·PayDay Loans·predatory lending·subprime·U.S. Consumer Financial Protection Bureau
How to Use Plastic Money After CARD Act Takes Effect
June 25th, 2010 · 1 Comment · Credit Cards, Debit Cards
As a cardholder, you may benefit from the new credit card law that has come into effect in 2010. That’s because the law restricts sudden rate hikes and fees which can otherwise increase your debt load. The law comes with certain loopholes that may lower your credit score if you don’t know how to use [...]
Tags: card benefits·closing credit card account·Credit card·Credit Card Accountability Responsibility And Disclosure Act·monitor·new law·rewards points·shop and compare
Overdraft and Late Pay Fee Limits Take Effect in August
June 15th, 2010 · 1 Comment · Credit Cards
There are many aspects to the new credit card regulations enacted under the Credit Card Accountability Responsibility And Disclosure (CCARD) Act Some went into effect last year, some spring 2010 and some will go into effect July 2010. The last changes will take effect August 22, 2010. As part of the CCARD Act, the Fed [...]
Tags: 75 Fed. Reg. 12334·Credit Card Accountability Responsibility And Disclosure Act·Deterrence·Federal Reserve·late fees·Overdraft·reasonable and proportional·Safe Harbor
Banks to Issue New Checking, Credit Card Fees
January 4th, 2010 · No Comments · Banking, Consumer Info, Credit Cards
We’ve already seen banks rush to slip in as many money-making fees and raise interest rates as much as possible before the new credit card legislation kicks in in February. For months, banking experts having been spouting predictions on how badly the banks are going to start sticking it to us. Now the banks’ sinister [...]
Tags: Banking Industry·banks·checking·Credit Card Accountability Responsibility And Disclosure Act·Credit Cards·Fees·minimum balances·new credit card legislation·overdraft fees·paper statements
