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Credit Card Reform

Consumer Bureau Developing Simpler Credit Card Form

The Huffington Post | Jillian Berman | Posted 12.07.2011 | Business

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...

Where Can I Get A Social Credit Card?

Paul Lamb | Posted 05.26.2011 | Impact
Paul Lamb

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?

What Kind of Capitalism?

Peter Dreier | Posted 05.25.2011 | Politics
Peter Dreier

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?

Dems Seek Shelter From November's Storm

Rick Horowitz | Posted 05.25.2011 | Politics
Rick Horowitz

"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."

New Credit CARD Act Rules Clamp Down on Fees

Curtis Arnold | Posted 05.25.2011 | Business
Curtis Arnold

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.

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

Mike Elk | Posted 05.25.2011 | Business
Mike Elk

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

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 ...

World's Worst Credit Cards (Infographic)

Brian Clark Howard | Posted 05.25.2011 | Business
Brian Clark Howard

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

Arthur Delaney

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

HuffingtonPost.com | 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 ...

Laura Bassett and Ryan Grim

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

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

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...

Big Tax Refunds Can Be Costly

Jason Alderman | Posted 05.25.2011 | Business
Jason Alderman

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

New Ideas to Make Health Care Reform Happen Now

Sam Sedaei | Posted 05.25.2011 | Politics
Sam Sedaei

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

President Scott Brown Wins Jobs Bill, Tax Cuts

Bob Cesca | Posted 05.25.2011 | Politics
Bob Cesca

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

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 ...

Arthur Delaney

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

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

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...

Arthur Delaney

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

HuffingtonPost.com | 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

washingtonpost.com | 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...

How Barack Can Get His Groove Back

Robert S. McElvaine | Posted 05.25.2011 | Politics
Robert S. McElvaine

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.

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

AP | JEANNINE AVERSA | Posted 05.25.2011 | 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...

Arthur Delaney

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

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

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

Credit Card Companies Are Sending Out Early Holiday Gifts

Eva Norlyk Smith, Ph.D. | Posted 05.25.2011 | 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.

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...

STUDY: Credit Card Companies Continue Prohibited Practices; Congress Considering Accelerating Effective Date

AP | EILEEN AJ CONNELLY | Posted 05.25.2011 | Business

NEW YORK — Not only have credit card companies continued to use practices that will be outlawed under a strict law due to take effect in Februar...

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

Posted 05.25.2011 | Business

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...

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...