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 'late 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
Overdraft and Late Pay Fee Limits Take Effect in August
June 15th, 2010 · 1 Comment · Credit Cards
There are many aspects to the new credit card regulations enacted under the Credit Card Accountability Responsibility And Disclosure (CCARD) Act Some went into effect last year, some spring 2010 and some will go into effect July 2010. The last changes will take effect August 22, 2010. As part of the CCARD Act, the Fed [...]
Tags: 75 Fed. Reg. 12334·Credit Card Accountability Responsibility And Disclosure Act·Deterrence·Federal Reserve·late fees·Overdraft·reasonable and proportional·Safe Harbor
Capital One Sued by West Virginia Attorney General
January 26th, 2010 · 20 Comments · Debt Collection, I'm suing those guys!, Legal Stuff
Boy, we sure love Capital One here at creditinfocenter.com. Like a politician who is constantly having affairs or accepting big bribes, they provide us with lots to write about. The latest? The West Virginia Attorney General, Darrell McGraw, is suing them for deceptive practices in both lending and collection practices. According to the press release [...]
Tags: Capital One·charge offs·Consumer Attorneys·Darrell McGraw·Debt Collection·deceptive practices·interest·late fees·re-aging·West Virginia
How to Get Out of Payday Loan Hell
October 31st, 2008 · 21 Comments · PayDay Loans
It’s bad enough getting into apayday loan in the first place. But even more fun is involved if you are unable to pay back your payday loan. Most companies keep piling up interest and late fees, making it tough to repay the loan. A reader recently wrote of her experience paying back a horrendous payday [...]
Tags: Interest Fees·late fees·Nightmare·PayDay Loans·Read Contract·Student Loan
