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 [...]
Entries Tagged as 'Credit Card Accountability Responsibility And Disclosure Act'
Banks to Issue New Checking, Credit Card Fees
January 4th, 2010 · No Comments · Banking, Consumer Info, Credit Cards
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
Under 21? Getting a Credit Card Will Soon be More Difficult
August 12th, 2009 · No Comments · Consumer Debt, Credit Cards
As with many things in life and politics, the new credit card legislation signed in May by President Barack Obama provides the hope for positive change along with the potential for some negative change.
The Credit Card Accountibility, Responsibility and Disclosure Act of 2009 raises the age of accountability for credit card usage from 18 to 21 years [...]
Tags: college credit·Credit Card Accountability Responsibility And Disclosure Act·credit card accountibility·Credit Cards·new credit card legislation·Responsibility and Disclosure act·under 21 credit cards
Pre-Paid Credit Cards Not Covered by New Credit Card Legislation
July 1st, 2009 · 1 Comment · Banking, Credit Cards
People turn to prepaid credit cards form different reasons. For example: they are unable to get a checking account or they are teaching their children to be responsible with money by limiting what they spend.
Tags: consumer protections·Credit Card Accountability Responsibility And Disclosure Act·Debit Cards·Mastercard·prepaid credit cards·reloadable cards·Visa
