On Tuesday, September 23, the House passed the Credit Card Reform Act, which we’ve been following here in this blog. This is great news! The bad news? Congress is totally tied up with the economic bail out, so the Senate may ignore this bill. Let’s hope not. As we […]

Popularity: 20% [?]

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Recently, one of our members posted his doctor’s office experience, where he was required to sign a mandatory binding arbitration agreement.
Was filling out all of the paperwork and in the middle of it found a “Notice of Binding Arbitration” It requested that you acknowledge that you had no right to the judical system for […]

Popularity: 19% [?]

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OK, you can thank me later, but I just spent the last hour listening to Asset Acceptance’s 2nd Quarter Earnings conference call via a webcast (yeah, it’s public). It’s an hour long and if you want to listen to it, here is the link.
Webcast - Asset Acceptance Capital Corp. Second Quarter 2008 Earnings […]

Popularity: 18% [?]

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The Consumerist is reporting a reader received an offer from the debt collector who is offering “debt reduction” in the form of a pre-approved Visa card in which his $1,364 debt would be reduced to a $1,200 balance if he accepts the card. He would need only to to pay off the balance under the […]

Popularity: 21% [?]

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Tired of dirty little tricks by the credit card companies like that unexpected interest-rate increase on your credit card and confusing grace period? The Federal Reserve is accepting public comments through Aug. 4 on new credit-card rules it proposed in May.  If the Fed decides to adopt them, card-issuers will need to follow them.  […]

Popularity: 20% [?]

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From the discussion boards today…can’t add much since this poster said it all.
“I work in Loss Prevention for a sizable retailer. Today, I get a call that a lady believes her wallet was stolen. Now, usually it’s they’ve misplaced it, such as leaving it in their car, so I just rolled my eyes and […]

Popularity: 17% [?]

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Maybe (ha!) this will actually get passed. We need a comprehensive reform on credit cards.
http://www.house.gov/apps/list/press/hi01_abercrombie/pr08credit_card_bill_of_rights.shtml
Popularity: 4% [?]

Popularity: 4% [?]

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