Credit Card Companies

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

AP | JEANNINE AVERSA | Posted 11.09.2009 | Business


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...

Credit Card Companies Are Sending Out Early Holiday Gifts

Eva Norlyk Smith, Ph.D. | Posted 10.20.2009 | Business


Eva Norlyk Smith, Ph.D.

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.

Credit Cards: Federal Reserve Closer To New Limits

AP | JEANNINE AVERSA | Posted 09.29.2009 | Business


WASHINGTON — The Federal Reserve proposed rules Tuesday to better protect Americans from sudden hikes in interest rates on credit cards. The prop...

Credit Card Companies Dodge Reform With New Fees

BusinessWeek | Ben Levisohn | Posted 11.10.2009 | Business


New credit-card rules, designed to curb the industry's abusive practices, went into effect a few weeks ago. But already lenders have found ways to get...

Credit Card Companies Slashing Rewards Programs

Washington Post | Nancy Trejos | Posted 09.15.2009 | Business


Credit card rewards programs are suddenly less rewarding. Months before a new law takes effect restricting the credit card industry's ability to rais...

How About the Consumer Financial Education Agency

Jim Randel | Posted 08.26.2009 | Politics


Jim Randel

We do not need more federally-mandated documents and protocols adding time and cost to the lending world (already a bit anemic).

Small Business Credit Card Cutbacks

nytimes.com | ANDREW MARTIN | Posted 07.20.2009 | Business


Louis Licata has shelved plans to hire three more employees for his Cleveland law firm. Jeannie Macone, of Florida, is cutting back on inventory for h...

10 Things You Need to Know About Banks and Credit Cards

Francine Hardaway | Posted 07.06.2009 | Business


Francine Hardaway

Even if they printed the disclosure in 18 point type, you wouldn't know what was going to hit you from behind. You will need to know what I've found out about banks and credit card companies.

Rename Cost-Cutting Financial Slimmers And It Doesn't Feel So Bad - What Are Yours?

Jill Brooke | Posted 06.19.2009 | Living


Jill Brooke

I bought a $8 pair of pants on sale at the Gap for my son last week which is the equivalent of salad and a few vegetables that rotted in the fridge after a few days.

Are Taxpayers Bailing Out Troubled Banks Twice?

ABC News | DAVID MUIR and SIDNEY WRIGHT IV | Posted 06.09.2009 | Business


The federal government is taking up the fight against credit card companies accused of taking advantage of consumers. In taking aim at what he called...

The Skinny on Credit Cards

Jim Randel | Posted 05.28.2009 | Business


Jim Randel

Whereas consumers are far from blameless, the card companies -- with a push from the government -- could have done a much better job educating people and treating them more fairly.

Obama Credit-Card CEOs Meeting: President To Push New Rules

AP | BEN FELLER | Posted 05.24.2009 | Politics


WASHINGTON — President Barack Obama said Thursday he is determined to get a credit-card law that eliminates the tricky fine print, sudden rate i...

Obama's Credit Card Dog Day Afternoon

Stuart Whatley | Posted 05.22.2009 | Politics


Stuart Whatley

In the current system, credit card companies do not provide an essential service anymore; it's more a societal stranglehold -- a gun to the head of the middle class.

Obama To Meet With Credit-Card Executives

Wall Street Journal | DAMIAN PALETTA | Posted 05.21.2009 | Politics


WASHINGTON -- President Barack Obama will attend a meeting Thursday with executives from top credit card companies as his administration moves to crac...

Credit Card Companies Gouge HuffPosters

Gabriel Beltrone & Matthew Palevsky | Posted 03.29.2009 | Politics


Banks capitalizing on taxpayer bailout money from TARP have alarmed their customers by hiking - often doubling, and in some cases even tripling or qua...

Cancel Amex, Get $300

CreditMattersBlog.com | Posted 03.26.2009 | Business


Wow. American Express must be getting desperate. In a bid to RID itself of customers, Amex will give you a $300 prepaid credit card if you cancel your...

Banks asking for credit card debt forgiveness

AP | BY MARCY GORDON | Posted 11.30.2008 | Business


WASHINGTON — With defaults on credit card debt spiraling amid a global financial downturn, banks already reeling from the mortgage crisis are lo...

What Does "Change" Really Mean?

Cenk Uygur | Posted 09.19.2008 | Politics


Cenk Uygur

Barack Obama needs to stop talking about nebulous, floating on a cloud change. And start talking about how he is going to kick these people's asses. We need someone to take our government back.

How The Press Failed Readers On The Changing Credit Card Industry

Columbia Journalism Review | Dean Starkman | Posted 03.28.2008 | Media


One of the paradoxes of the business press is that while everyone should read it, since we all live in the economy, not everyone does. In fact, most p...