We’ve all been waiting for this! After listening for years to debt settlement horror stories, I think the nightmare is coming to an end. The FTC put together new “Debt Relief Rules” which took effect Sept 27, 2010. The regulations are very comprehensive – here are the key protections it offers: Upfront Disclosures Proposed Fees [...]
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Speak Up! Your Chance to Comment on Credit Card Rules
July 7th, 2008 · 2 Comments · Credit Cards
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. If [...]
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Tags: Congress·Credit card·Disclosures·Federal Reserve·Grace Periods·Interest Rates·Public Comment·Rules·Two Cycle Billing