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Card Act

Warning: Groupon May Be Dangerous to Your Wealth

Norman I. Silber | Posted 05.06.2014 | Money
Norman I. Silber

Merchants basically get it -- to many of them, Groupon looks less like an innovative advertising mechanism than a loan broker, arranging bundles of small loans from consumers, and taking a substantial cut... Consumers don't often see this side of the equation.

Stay-at-Home Parents' Access to Credit

Margaret Ryznar | Posted 07.28.2013 | Business
Margaret Ryznar

The rules on stay-at-home parents' access to credit have been reversed twice in the past four years but without much media attention along the way, despite the fundamental impact of the reversals on stay-at-home parents' ability to open a card in their names or to extend their credit lines.

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

Douglas Kantor | Posted 02.26.2013 | Business
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.

5 Ways President Romney Would Screw the 47 Percent

Adam Levin | Posted 12.02.2012 | Money
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.

5 Ways to Become a Credit Adult

Adam Levin | Posted 09.25.2012 | Money
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.

Catherine New

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

HuffingtonPost.com | Catherine New | Posted 04.11.2012 | Money

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

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

Ellen Schloemer | Posted 05.26.2012 | Money
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."

CARD Act May Have Cost Consumers Billions

Curtis Arnold | Posted 05.05.2012 | Money
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.

Why Credit Card Branding Is Costing Small Business Owners

Odysseas Papadimitriou | Posted 06.20.2011 | Business
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?

'Deteriorating Credit Quality' Hits BofA Hard

Bloomberg News | Hugh Son | Posted 05.25.2011 | Business

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....

Credit Card Fees: How Banks May Be Gaming Your Payments

AP | By CANDICE CHOI | Posted 05.25.2011 | Business

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

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

Posted 05.25.2011 | Business

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...

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

Posted 05.25.2011 | Business

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 ...

Credit Card Fees: Despite Reforms,

Posted 05.25.2011 | Business

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 ...