Credit Card Reform

Consumer Bureau Developing Simpler Credit Card Form

The Huffington Post | Jillian Berman | Posted 12.07.2011

Read More: Credit Card Reform, Credit Card Confusion, Video, Credit CARD Act, Credit Card Confusion Cfpb, Consumer Financial Protection Bureau, Business News, Credit Cards, Consumer Protection, Personal Finance, Credit Card Industry, Credit Card Fees, Business News

Imagine a credit card agreement that's short, to the point and easy to understand. If one federal agency gets its way, what you're picturing could bec...

Read Whole Story

Where Can I Get A Social Credit Card?

Paul Lamb | Posted 05.26.2011

Read More: Credit Card Reform, Social Change, Social Innovation, Money, Finance, Financial Reform, Credit Cards, Personal Finance, Impact News

Why is it that we put so much emphasis on valuing our financial and not our social assets -- things like helping a neighbor or volunteering for a charity?

Read Post

What Kind of Capitalism?

Peter Dreier | Posted 05.25.2011

Read More: Credit Card Reform, Unemployment, Wall Street, Good Jobs, Rush Limbaugh, Bank Reform, President Barack Obama, Employee Free Choice Act, Shared Prosperity, Glenn Beck, Socialism, Capitalism, Health Care, Unions, American Prospect, Politics News

We are surely at a crossroads. Like the choices facing America during the Great Depression, we need to rescue capitalism again. But what kind of capitalism will best serve the most people?

Read Post

Dems Seek Shelter From November's Storm

Rick Horowitz | Posted 05.25.2011

"You saw the numbers?" "Of course I saw the numbers." "Those are some awful numbers." "So are we talking bloodbath here?" "Bloodbath?" "Bloodbath. Bad. 'Speaker Boehner' bad. Fifty seats bad."

Read Post

New Credit CARD Act Rules Clamp Down on Fees

Curtis Arnold | Posted 05.25.2011

Read More: Credit Card Reform, Credit Card Law, Credit Cards, Credit CARD Act, Business News

When President Obama signed the Credit CARD Act into law in 2009, the new legislation tasked the Federal Reserve with setting guidelines for "reasonable" penalties triggered by late payments.

Read Post

Too Big Not to Organize: SEIU-International Coalition Try to Unionize the Banks

Mike Elk | Posted 05.25.2011

Read More: Credit Card Reform, Efca, Subprime Mortgages, Cwa, Union Organizing, Financial Reform, Bank of America, Overdraft Fees, Credit Card, Andy Stern, Seiu, Business News

Why would SEIU, which has risen to prominence during the last 25 years in part by organizing janitors, be interested in organizing bank workers?

Read Post

Credit Card Fees: How Banks May Be Gaming Your Payments

AP | By CANDICE CHOI | Posted 05.25.2011

Read More: Credit Card Reform, Bank of America, Consumer Action, Credit Cards, Credit Card Help, CARD Act, Credit Card Fees, Business News

NEW YORK -- Credit card issuers are still playing "gotcha" with customers. Landmark reforms this year were intended to stop billing practices that ...

Read Whole Story

World's Worst Credit Cards (Infographic)

Brian Clark Howard | Posted 05.25.2011

Read More: Credit Card Reform, Credit Card, Credit Card Debt, Credit Cards, Credit Card Industry, Credit Card Fees, Business News

Due to editorial consideration, the infographic and accompanying text have been removed from this post....

Read Post

Credit Card Reform Makes It Easier To Pay Down Your Balance: Center For Responsible Lending

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

Read More: Credit Card Reform, Credit Cards, Center for Responsible Lending, Credit Card Debt, Credit CARD Act, Business News

The credit card reform that took effect this year can save big money for cardholders who pay more than their minimum account balance -- as much as $2 ...

Read Whole Story

Big Banks Spend Millions On 'Information War' To Stop Swipe Fee Reform

HuffingtonPost.com | Laura Bassett and Ryan Grim | Posted 05.25.2011

Read More: Credit Card Reform, Credit-Card-Swipe-Fees, Durbin Amendment, Swipe Fee Reform, Swipe Fee, Wall Street Reform, Business News

Visa, MasterCard and the big banks that took taxpayer bailouts have spent over $50 million in lobbying fees this Congress in a last-ditch effort to st...

Read Whole Story

Big Tax Refunds Can Be Costly

Jason Alderman | Posted 05.25.2011

Read More: Credit Card Reform, Energy Star, Retirement Savings, Irs, Income Tax Refund, Business News

By having too much money deducted from your paycheck, you've essentially been giving the government an interest-free loan for the past year.

Read Post

New Ideas to Make Health Care Reform Happen Now

Sam Sedaei | Posted 05.25.2011

Read More: Credit Card Reform, Midterm Elections, Filibuster, Iran, Democrats, Health Care, Barack Obama, Republicans, Reconciliation, Health Care Reform, Politics News

Democrats need to pass a health care bill within the next few weeks, rather than months. Forget about starting over and forget about bipartisanship.

Read Post

President Scott Brown Wins Jobs Bill, Tax Cuts

Bob Cesca | Posted 05.25.2011

Read More: Credit Card Reform, Barack Obama Tax Cuts, Congress, Unemployment Rate, Jobs Bill, President Barack Obama, President Obama, Jobs, Credit Cards, Democratic Party, Senate Jobs Bill, Obama Jobs, Unemployment, Obama Credit Card Abuses, Tax Cuts, Cable News, Politics News

Two events this week have served to illustrate my point about the ongoing failure of the Democrats to self-promote.

Read Post

New Credit Card Reforms: What You Need To Know About Rates, Fees

Posted 05.25.2011

Read More: Interest Rates, Credit Card Reform, Mastercard, New Credit Card Fees, Visa, Service Fee, Grace Period, CARD Act, Credit Card Regulations, Business News

NEW YORK - (BY CANDICE CHOI AND EILEEN AJ CONNELLY, AP) The new credit card law is finally here. Starting Monday, banks will need to abide by new ...

Read Whole Story

Elizabeth Warren: Shortcomings Of Credit Card Reform Show Need For CFPA

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

Read More: Credit Card Reform, Credit Cards, Consumer Financial Protection Agency, Elizabeth Warren, Cfpa, Business News

The credit card reforms enacted by Congress and signed by the president last year are set to take effect on Monday. Unsurprisingly, credit card issuer...

Read Whole Story

Credit-Card Protester Sticks It To Banks -- With Stickers

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

Read More: Credit Card Reform, Credit Cards, Debtors Revolt, John Clinton Tuttle, Credit Crisis, Credit CARD Act, Business News

John Clinton Tuttle of Seattle, Wash. is waging guerrilla warfare against high interest rates and other depredations of the credit card industry. He's...

Read Whole Story

America's credit card debt Five myths about

washingtonpost.com | Robert D. Manning | Posted 05.25.2011

Read More: Credit Card Reform, Credit Cards, Middle Class Economy, Credit CARD Act, Middle Class, Credit Card Rates, Credit Card Debt, Credit Card Industry, Credit Card Fees, Business News

Today, Americans are more dependent on credit than savings, a radical departure from the last major economic crisis, in the 1930s. Congress's effort t...

Read Whole Story

How Barack Can Get His Groove Back

Robert S. McElvaine | Posted 05.25.2011

Read More: Credit Card Reform, Populism, Wall Street, Financial Reform, Health Care Reform, Obama State of the Union, Usury Laws, Massachusetts Senate Race, Democratic Party, The Interests, Barack Obama, Usury, Politics News

All President Obama needs to do to rally a substantial majority of the American people to his side is to make it clear that he is on their side and against their real enemies.

Read Post

BofA Credit Card Terms: Bank To Spell Out New Interest Rates And Fees

Posted 05.25.2011

Read More: Bank of America, Credit Cards, Credit Card Industry, Credit Card Reform, Credit Card Rates, Credit Card Fees, Business News

NEW YORK (EILEEN AJ CONNELLY - AP) -- Bank of America is sending its credit card customers a one-page letter with a simple explanation of the interest...

Read Whole Story

Not 21 yet? No more credit cards for you starting Feb. 22

Patrice Peyret | Posted 05.25.2011

Read More: Credit Card Reform, Checking Accounts, College Student Credit Cards, Credit CARD Act, Student Debt, Banking, Move Your Money, Minors, Overdraft Fees, Home News

My college-aged son had no idea, so you might not either: on February 22, 2010, you can't get a credit card if you're under 21 unless an adult co-sign...

Read Post

Bank Of America, Citigroup: New Fee For Perfect-Credit Customers Tested

wcbstv.com | ALEXIS CHRISTOFOROUS | Posted 05.25.2011

Read More: Credit Card Reform, Bank of America, Credit Scores, Credit Card Industry, Citigroup, Credit Card Fees, Business News

NEW YORK (CBS) ― Loraine Mullen-Kress carries a Bank of America credit card and religiously pays off her balance. "Flawless credit," she boasted....

Read Whole Story

Credit Card Rates: Banks Plan To RAISE Rates, Annual Fees

AP | JEANNINE AVERSA | Posted 05.25.2011

Read More: Credit Card Reform, Credit Card Companies, Credit Card Rate Increases, Federal Reserve, Banks, Credit Card Rates, Credit Cards, Prime Borrowers, Credit Card Industry, Credit Card Fees, Business News

WASHINGTON — Banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate hikes, the F...

Read Whole Story

Credit Card Abuses Won't Stop After Reform Takes Effect: Report

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

Read More: Credit Card Reform, Credit Cards, Center for Responsible Lending, Discover, Bank of America, JPMorgan Chase, Credit Crunch, Wells Fargo, Business News

Next February, the credit card reforms signed into law by President Obama earlier this year will finally take effect. Goodbye arbitrary rate hikes. He...

Read Whole Story

Credit Card Companies Are Sending Out Early Holiday Gifts

Eva Norlyk Smith, Ph.D. | Posted 05.25.2011

Read More: Credit Card Reform, Credit Cardholders Bill of Rights, Credit Card Bill, Credit Card Companies, Credit Card Rates, Credit Cards, Credit Card Debt, Citigroup, Credit Card Fees, Business News

While Congress is calling on credit card companies to stop hiking interest rates before the new Credit CARD act goes into effect, Citigroup just sent me a letter with a monstrous interest rate hike.

Read Post

Kathy Kristof: Personal Finance Columnist Gets Hit With 703.8% Rate On Credit Card

CBS Money Watch | Kathy Kristof | Posted 05.25.2011

Read More: Credit Card Reform, Macy's, Credit CARD Act, Credit Card Rates, Credit Cards, Department Stores National Bank, Credit Card Fees, Business News

Consumer reporters were all crowing about a 79.99% rate credit card that was launched in response to credit reform a few months ago -- collectively ho...

Read Whole Story