Irritated at being charged Foreign Transaction Fees? How about late fees of $30 on credit card balances less than $100? It seems that this type of fee might be going away. After the passage of the Credit Card Responsibility and Disclosure Act of 2009 passed, there was much wailing and gnashing of teeth in the [...]
Entries Tagged as 'credit card fees'
Credit Card Companies Backing Off on Fees
January 28th, 2011 · No Comments · Banking, Credit Cards
Tags: american express·Citibank·credit card fees·Credit Card Responsibility and Disclosure Act·Credit Cards·foreign transaction fees·late fees·MSN Money·Wall Street Journal
Credit Cards That Do NOT Charge Foreign Transaction Fees
March 9th, 2010 · 1 Comment · Banking, Credit Cards
The blog post we did last summer entitled “Beware of Credit Card Foreign Transaction Fee Fever” has generated quite a bit of reader commentary, with many of you sharing negative experiences associated with this topic. The bad news is, it doesn’t seem that these fees are going to go away any time soon. The CARD act, which placed limitations [...]
Tags: Capital One·CARD Act·credit card fees·Credit Cards·currency conversion fees·foreign credit card purchases·foreign transaction fees
Sign of Things to Come? Citigroup Increases Credit Card Fees
February 23rd, 2010 · No Comments · Banking, Credit Cards
The media has been warning consumers for months now that the fallout from the credit card changes instituted by the Credit Card Accountability, Responsibility and Disclosure (CARD) Act is likely to involve increased fees, and the latest news from Citigroup is further proof that the prediction is right on. This past week, a large group of Citi cardholders received [...]
Tags: CARD Act·citigroup credit card fees·credit card annual fees·credit card fees·increased credit card fees·minimal annual purchases
Overdraft Fee Legislation Gaining Momentum
October 21st, 2009 · 8 Comments · Banking
Sen. Chris Dodd’s battle against banking overdraft fees continues. He introduced a bill on October 19, covering ATM and debit-card transactions as well as checks. Several other Senators are on board with the reform, as the bill is co-sponsored by Senator Charles Schumer D-NY, Sen. Jack Reed D-RI,who is chairman of the Senate Banking Subcommittee [...]
Tags: bailout·Banking·Banking Industry·bounced checks·Chris Dodd·credit card fees·Diane Rehm·FAIR Overdraft Coverage Act·opt-in·Overdraft·proportional fees
