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Credit Card Act

Think You Understand the New Credit Card Laws? Think Again

Beverly Blair Harzog | Posted 05.25.2011 | Business
Beverly Blair Harzog

as we've seen too often, when Washington tries to fix our problems, the legislation gets watered down to the point where the language is, well, wishy-washy at best.

Arthur Delaney

Credit Card Reform Makes It Easier To Pay Down Your Balance: Center For Responsible Lending | Arthur Delaney | Posted 05.25.2011 | Business

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 ...

Credit Card Interest: How Your Bills Can Help You Save | Lita Epstein | Posted 05.25.2011 | Business

Have you looked at this new box on your credit card bills yet? If you're in the habit of just paying the minimum and not taking the time to read the b...

Shahien Nasiripour

Federal Reserve Adopts Megabanks' Arguments, Warns Against Added Protections For Small Business Credit Card Users | Shahien Nasiripour | Posted 05.25.2011 | Business

The Federal Reserve warned Congress in a recent report that protecting small businesses from the kind of "harmful" credit card practices it prohibits ...

Plastic Perils: Credit CARD Act Not Enough

Youth Radio -- Youth Media International | Posted 05.25.2011 | College
Youth Radio -- Youth Media International

Originally published on, the premier source for youth generated news throughout the globe. By: Jennifer Obakhume As a college studen...

New Credit Card Rules Crunch College Students

Youth Radio -- Youth Media International | Posted 05.25.2011 | College
Youth Radio -- Youth Media International

Originally published on, the premier source for youth generated news throughout the globe. By: Asha Richardson I'll never forget whe...

Credit Card Companies Like Making Money! (DUH!)

Ryan Mack | Posted 05.25.2011 | Business
Ryan Mack

The credit card companies are steadily trying to find ways to get into your pocket. Let's not make it easy for them and start planning and using credit cards wisely.

Credit CARD Act Goes Into Effect On Monday, And Banks Are Ready Fee Blitz Escalates

Mother Jones | Stephanie Mencimer | Posted 05.25.2011 | Business

On Monday, the second phase of the Credit Card Accountability Responsibility and Disclosure Act of 2009--a major overhaul that boosts safeguards again...

The CARD Act Is About More Than Credit Cards

Beth Pinsker | Posted 05.25.2011 | Politics
Beth Pinsker

What would you think if I told you that because of the new CARD Act, which takes affect Feb. 22, visitors to national parks can now carry licensed guns?

Banks, Credit Card Issuers Find Ways Around New CARD Act Rules

DailyFinance | TRACY COENEN | Posted 05.25.2011 | Business

The new rules, which go into full effect on February 22, threaten to take a big bite out of the $15 billion in penalties and fees that the industry co...

Arthur Delaney

Credit-Card Protester Sticks It To Banks -- With Stickers | Arthur Delaney | Posted 05.25.2011 | Business

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

America's credit card debt Five myths about | Robert D. Manning | Posted 05.25.2011 | Business

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...

Credit Card Legislation Means Consumers Under 21 Need a Way to Navigate the 'Plastic Gap'

Jerry R. Welch | Posted 05.25.2011 | Business
Jerry R. Welch

The net result of the credit card legislation is that millions of young Americans simply won't be able to get a credit card at all because of the new restrictions. That could be a problem.

American Express, Capital One Shares Tumble As New Credit Card Rules Near

AP | Posted 05.25.2011 | Business

NEW YORK — Shares of American Express and Capital One Financial Corp. tumbled Friday after an analyst noted coming credit card regulations could...

10 Ways Credit Card Companies Are Still Ripping You Off | Lawrence Delevingne | Posted 05.25.2011 | Business

Credit card companies are already finding new ways to get rich at your expense, all while racing to increase penalties and other charges before Februa...

Credit Card Fees Wil Race to Raise Fees Ahead of New Credit Card Rules

ABC News | DAVID MUIR and SADIE BASS | Posted 05.25.2011 | Business

Consumer advocates say the race is on, as banks and credit card companies look for ways to make up the estimated $50 billion they're about to lose whe...

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

Patrice Peyret | Posted 05.25.2011 | Home
Patrice Peyret

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...

Citi Closing Mastercards Without Warning | Posted 05.25.2011 | Business

AP - NEW YORK - Shannon Burdette tried to pay with her Shell Mastercard after filling up her gas tank this weekend but found the card rejected. Confu...

Ryan Grim

GOP Blocks Freeze On Credit Card Interest Rate Hikes | Ryan Grim | Posted 05.25.2011 | Politics

Senate Republicans blocked a Democratic effort Wednesday to immediately freeze increases in credit card interest rates, fees and finance charges. Sh...

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

CBS Money Watch | Kathy Kristof | Posted 05.25.2011 | Business

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...

Changing Our Dependency on Credit Cards

Stephanie Neely | Posted 05.25.2011 | Chicago
Stephanie Neely

Now is the time to reduce our credit card addiction. While fees and high interest rates will continue to be a reality, there are steps an individual can take to prevent falling into the credit card trap.

The Wild West of Credit Cards Can't Be Tamed by Laws Alone

Rep. Carolyn Maloney | Posted 05.25.2011 | Politics
Rep. Carolyn Maloney

It's the beginning of the end of wild-west business practices on the part of credit card issuers. The worst credit card offense -- rate hikes on existing balances -- stops today.

A Tale of Two Contracts

Rachel Natelson | Posted 05.25.2011 | Politics
Rachel Natelson

While "tangible inducements" to minors may now be a forbidden tactic in credit card marketing, military recruiters continue to ply students with key chains, hats, and t-shirts in pursuit of their goals.

Credit Card Reform Act: Washington At Its Worst

James Boyce | Posted 05.25.2011 | Politics
James Boyce

Consumer groups who are touting this bill as a success, bloggers who are smiling and happy about it and consumers who think somehow their representatives did something for them are missing two really important facts about the credit card issue.

A Forerunner of Credit Card Debt Helped Spawn the Revolutionary War

Russ Wellen | Posted 05.25.2011 | Business
Russ Wellen

Even George Washington had reasons other than unadulterated fealty to Lady Liberty for rejecting foreign rule. In fact, what galvanized him was the 18th century version of credit card debt.