Credit Card Issuers

0% introductory APR offers are often a good thing. But read the very tiny fine print about how your 0% APR can immediately turn into a 29.99% penalty APR if you're late on a payment.

In the third and final phase of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD) which went into effect yesterda...

As lawmakers worked out credit card reform legislation earlier this year, card issuers argued that tough restrictions would make credit costlier for c...

WASHINGTON — Riding a crest of populist anger, the House on Thursday approved a bill to restrict credit card practices and eliminate sudden incr...

In December, the Federal Reserve approved new rules curtailing some -- but by no means all -- of the more egregious practices of the credit card industry. But, surprisingly, the rules are not scheduled to go into effect until July 2010. Why this 18-month long delay before making the banks clean up their acts? READ MORE The Credit Card Debt Crisis: The Next Economic Domino Hot on the heels of the banking crisis, the employment crisis, and the mortgage/foreclosure crisis, the country is on the verge of experiencing a credit card crisis. Yet the same banks that have been bailed out with billions of taxpayer dollars, have been turning around and gouging their most vulnerable customers. READ MORE Watch: Arianna on Countdown Discussing Obama's Approach to National Security Watch: Arianna Discusses Obama's Trip to Canada on CTV's Question Period

The bottom line is that, more than ever, we cannot allow credit card companies to continue fleecing consumers, or making them feel like it's all one big guessing game.

We can't afford to watch consumers' finances dragged down by unfair credit card practices. It wouldn't be fair in any situation, but at a time of such national financial turmoil, it's an even bigger threat to our economy.