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 Tagged as 'credit card reform'
Credit Card Accountability Bill Narrowly Passes Senate Banking Committee
April 14th, 2009 · No Comments · Banking, Consumer Debt, 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
Don’t Use Your Credit Card For a Loan
January 21st, 2009 · No Comments · Banking, Consumer Debt, Credit Cards
Consumer advocates are urging that now– more than ever– it is crucial to pay attention to all of those notices you are receiving from your bank. That’s where you’ll find out how much that credit card is really costing you, and the results may take you by surprise, if you are not careful.
We are definitely [...]
Tags: credit card costs·credit card loans·credit card reform·Credit Cards·rewards cards·short-term loans
Happy Holidays, Credit Card Users: Reform is on its Way!
December 16th, 2008 · No Comments · Banking, Consumer Debt, Consumer Info, Credit Cards
In a year when any headline involving the term “credit” has been overwhelmingly negative, it seems that consumers may see some good news associated with credit shortly.
New rules which were proposed earlier this year would prohibit credit card companies from increasing rates at will, with some exceptions such as those that apply to people who [...]
Tags: credit·credit card changes·credit card reform·credit card rules·Credit Cards·credit news·Federal Reserve
