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Card Act

Bank of America's Backtrack on Fees Is Proof Debit Reform Is Working

Douglas Kantor | Posted 02.26.2013 | Business
Read More: Cnbc, Brian Moynihan, Bank of America, Credit Cards, Durbin Amendment, Overdraft Fees, CARD Act, Swipe Fees, Debit Reform, Douglas Kantor, Checking Fees, money123, Business News
Douglas Kantor

Bank of America's recent decision to back down on new checking fees next year is further proof debit card swipe fee reform has resulted in greater marketplace competition benefitting consumers.

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5 Ways President Romney Would Screw the 47 Percent

Adam Levin | Posted 12.02.2012 | Home
Read More: Mitt Romney, Banks, Money News, Dodd-Frank, CARD Act, Consumer Protection, Cfpn, Mitt Romney Wall Street, Romney Card Act, Romney-Dodd-Frank, Mitt Romney Economy, Mitt Romney 47 Percent, Home News
Adam Levin

Mitt Romney's now-infamous statement, "My job is not to worry about those people," pretty much sums up the Republican nominee's true feelings about who he represents. And if you're in serious debt, it looks like he's talking about you too.

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5 Ways to Become a Credit Adult

Adam Levin | Posted 09.25.2012 | Home
Read More: Dodd-Frank Act, Credit Ratings, Elizabeth Warren, Credit, Consumer Financial Protection Bureau, Credit Report, Identity Theft, Financial Portfolio, Credit Report Card, Cfpb, CARD Act, Credit Reform, Home News
Adam Levin

As we are demanding the business become more accountable to the American people, it is now our turn to demand greater accountability of ourselves.

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Catherine New

Shut Out From Traditional Banks, More Americans Turn To Prepaid Cards: Study

HuffingtonPost.com | Catherine New | Posted 04.11.2012 | Home
Read More: Prepaid Debit Cards, Prepaid Card Teenagers, Prepaid Debit Card, Checking Accounts, Gen Y, Prepaid Card, Prepaid Cards, Unabanked, Credit Cards, CARD Act, Javelin, Home News

Increasingly shut out of traditional bank accounts, more Americans are turning to prepaid debit cards often notorious for their high fees. Prepaid ...

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Few Things Are 100% Predictable, But Here's One..

Ellen Schloemer | Posted 05.26.2012 | Home
Read More: Congressional Oversight, Dodd-Frank Ac, Subprime Mortgages, CARD Act, Credit CARD Act, Consumer Spending, Consumer Protection, Consumer Safeguards, Center for Responsible Lending, Home News
Ellen Schloemer

Imagine how many people would have walked away from getting a subprime mortgage if the broker had told them, "The rate on this loan is 2% higher than you qualify for, because I make more money that way."

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CARD Act May Have Cost Consumers Billions

Curtis Arnold | Posted 05.05.2012 | Home
Read More: Credit Cards, CARD Act, Credit Card Companies, Credit Card Offers, Credit Card Rates, Balance Transfer, Personal Finance, Home News
Curtis Arnold

The CARD Act was implemented on Feb. 22, 2010, and the two-year anniversary of this date marks a fair time to assess the Act's successes, failures and overall implications for consumers with credit cards.

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Why Credit Card Branding Is Costing Small Business Owners

Odysseas Papadimitriou | Posted 06.20.2011 | Business
Read More: Finance Charges, Small Business, CARD Act Protections, Federal Reserve, Business Credit Cards, CARD Act, Personal Credit Cards, Credit Card Act of 2009, Credit Card Companies, Wells Fargo, U.S Bank, Hsbc, Liability, Small Business America, Business News
Odysseas Papadimitriou

Business and consumer credit cards are actually more similar than they are different, which therefore begs the question, should the Credit CARD Act of 2009 apply to business credit cards?

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'Deteriorating Credit Quality' Hits BofA Hard

Bloomberg News | Hugh Son | Posted 05.25.2011 | Business
Read More: Bank Regulation, Writedown, Countrywide Financial, Goodwill Impairment, Bank of America, Credit Card, Brian T. Moynihan, Writeoffs, Bofa, Business, CARD Act, Business News

Feb. 22 (Bloomberg) -- Bank of America Corp., the biggest U.S. lender by assets, almost doubled a goodwill impairment for its credit-card unit to $20....

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Credit Card Fees: How Banks May Be Gaming Your Payments

AP | By CANDICE CHOI | Posted 05.25.2011 | Business
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 ...

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New Credit Card Laws: Why Your 'Jaw Will Drop' When You See Your Next Statement

Posted 05.25.2011 | Business
Read More: Credit Card Statements, CARD Act, New Credit Card Laws, Credit Card Fees, Credit Card Regualtons, Business News

NEW YORK - (By Eileen AJ Connelly) Your next credit card statement is going to contain an ugly truth: how much that card really costs to use. Now, t...

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Credit Card Fees: Despite Reforms,

Posted 05.25.2011 | Business
Read More: Payday Loans, Credit Cards, Credit Card Subprime, Pash Advance, Credit Card Reforms, CARD Act, Credti Card Fees, Business News

NEW YORK -- (By CANDICE CHOI, AP) You can still get credit if your finances are a mess. It will just cost dearly. A sweeping credit card law that ...

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

Posted 05.25.2011 | Business
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 ...

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