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Credit Card Reform

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

AP | JEANNINE AVERSA | Posted 11.09.2009 | Business

Read More: Credit Card Reform, Credit Card Companies, Credit Card Rate Increases, Federal Reserve, Banks, Credit Card Rates, Credit Cards, Prime Borrowers, Credit Card Industry, Credit Card Fees, Business News

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...

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Credit Card Companies Continue Practices BANNED In New Legislation: STUDY

AP | EILEEN AJ CONNELLY | Posted 10.28.2009 | Business

Read More: Credit Card Accountability Responsibility and Disclosure Act, Credit Card Reform, Credit Card Industry, Barack Obama, Business News

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...

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Credit Card Fees: Bank Of America, Citigroup Testing New Charge For Customers With Perfect Credit

wcbstv.com | ALEXIS CHRISTOFOROUS | Posted 10.28.2009 | Business

Read More: Credit Card Reform, Bank of America, Credit Scores, Credit Card Industry, Citigroup, Credit Card Fees, Business News

NEW YORK (CBS) ― Loraine Mullen-Kress carries a Bank of America credit card and religiously pays off her balance. "Flawless credit," she boasted....

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Credit Card Companies Are Sending Out Early Holiday Gifts

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

Read More: Credit Card Reform, Credit Cardholders Bill of Rights, Credit Card Bill, Credit Card Companies, Credit Card Rates, Credit Cards, Credit Card Debt, Citigroup, Credit Card Fees, Business News
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.

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Credit Card Companies Dodge Reform With New Fees

BusinessWeek | Ben Levisohn | Posted 11.10.2009 | Business

Read More: Credit Card Reform, Credit Card Companies, Card Check, Credit Card Fees, Business News

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...

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Credit Card Reform Won't Pay Down Consumer Debt

Jill Schlesinger | Posted 09.20.2009 | Business

Read More: Credit Card Reform, Consumer Debt, Credit Card Debt, Credit Cards, Credit Card Industry, Business News
Jill Schlesinger

Credit card reform was needed, but it's not likely to help Americans kick their credit card habit just yet.

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Obama's Second Hundred Days

Chris Weigant | Posted 09.06.2009 | Politics

Read More: Michael Jackson, Supreme Court, Latina, Sessions, Burris, Empathy, A Tale of Two Cities, Al Franken, Reform, Dickens, Sarah Palin, Second 100 Days, Muslim, Latino, Sotomayor, Health Care, Analog Television, Birthers, Age of Foolishness, Budget, Democrat, Congress, Sanford, Democrats, Barack Obama, Transparency, Rahm Emanuel, First Hundred Days, Health, Sonia Sotomayor, Credit Card, Souter, Healthcare, Senate, Polls, Mark Sanford, Cap and Trade, Gates, President Obama, Cia, Speech, Second Hundred Days, Jeff Sessions, David Souter, Flu, Obama, Democratic, Iraq, Media, Scotus, Republican, Bush, Pelosi, Television, Iran, Gay Rights, Nuclear Weapons, Baucus, Russia, Beer Summit, Arlen Specter, Credit Card Reform, House, Specter, Photo Op, Msm, Beer, Franken, Worst of Times, Charles Dickens, Roland Burris, Gay, Mainstream Media, Waterloo, Best of Times, First 100 Days, Torture Photos, Chris Weigant, Palin, Cairo, Max Baucus, Bipartisanship, Torture, Politics News
Chris Weigant

Our look back at Obama's second 100 days will begin with a short overview, and then move on to the categories: "the best of times," "the worst of times," and "the age of (media) foolishness."

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Credit Card Debt Rises Faster For Those 65 And Older

USA Today | Posted 08.27.2009 | Business

Read More: Elderly Americans Debt, Credit Card Reform, Credit Card Delinquency, Credit Card Debt, Business News

Cash-strapped older Americans are racking up credit card debt faster than other consumers amid dwindling retirement portfolios and rising medical cost...

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7 Ways Credit Cards Can Rob You Blind

minyanville.com | Scott Reeves | Posted 08.07.2009 | Business

Read More: Credit Card Reform, Credit Card Rates, Mastercard, Visa, American Express, Bank of America, Credit Card, Credit Card Debt, Business News

It's difficult to rent a car or buy a plane ticket without a major credit card like Visa (V), MasterCard (MA), or American Express (AXP)....

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Arthur Delaney

Credit Card Issuers Getting In Their Licks Ahead Of Reform

HuffingtonPost.com | Arthur Delaney | Posted 08.01.2009 | Business

Read More: Credit Card Debt, Credit Cards, Credit Card Reform, JPMorgan Chase, Chase, Interest Rates, Credit Card Issuers, Business News

As lawmakers worked out credit card reform legislation earlier this year, card issuers argued that tough restrictions would make credit costlier for c...

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10 Things You Need to Know About Banks and Credit Cards

Francine Hardaway | Posted 07.06.2009 | Business

Read More: Citibank, JPMorgan Chase, Predatory Lending Practices, Credit Cards, Aurora Loan Services, Credit Card Reform, Principal, Credit Card Companies, Banks, Credit Card Debt, Business News
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.

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Arthur Delaney

Credit Card Contract Mumbo Jumbo Not Fixed By Reform

HuffingtonPost.com | Arthur Delaney | Posted 06.21.2009 | Business

Read More: Credit Cards, Credit Card Reform, Credit Card Rules, New Credit Card Rules, Obama Credit Card Reform, Business News

Consumer advocates have praised Congress for its swift passage of the credit card reform bill currently awaiting the president's signature. The bill w...

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Ryan Grim

Congress Passes Landmark Credit Card Reform; House Passes GOP Amendment To Allow Guns In National Parks

HuffingtonPost.com | Ryan Grim | Posted 06.14.2009 | Politics

Read More: Credit Card Reform, Obama Credit Card Reform, Credit Card Interest Rates, Cramdown Legislation, Obama Cramdown, Cramdown, Politics News

The House of Representatives passed sweeping credit card reform legislation Wednesday aimed at limiting abusive and deceptive credit card practices. T...

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Ryan Grim

Chuck Schumer Optimistic On Fate Of Credit Card Reform

HuffingtonPost.com | Ryan Grim | Posted 06.05.2009 | Politics

Read More: Credit Card Reform, Credit Cards, Credit Card Debt, Charles Schumer, Politics News

For Chuck Schumer, credit card legislation now in the Senate passes the O'Halloran's Pub test. The effort to reform the bankruptcy code to stave off f...

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Ryan Grim

Credit Card Deal In Works As Senators Work Through Weekend

HuffingtonPost.com | Ryan Grim | Posted 06.04.2009 | Politics

Read More: Credit Card Reform, Credit Card Bill, Senate Credit Card Bill, Senate Credit Card, Chris Dodd, Richard Shelby, Politics News

Senate negotiators worked through the weekend to come up with a bipartisan compromise on reform legislation that seeks to rein in deceptive credit car...

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Obama To Meet With Credit-Card Executives

Wall Street Journal | DAMIAN PALETTA | Posted 05.21.2009 | Politics

Read More: Credit Card Reform, Credit Card Companies, Obama Meets Credit Card Execs, Obama Meeting on Credit Cards, Credit Card Executives, Politics News

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

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Arthur Delaney

Menendez To Geithner: Stop Bailed-Out Banks From Hiking Credit Card Rates On Consumers

HuffingtonPost.com | Arthur Delaney | Posted 05.21.2009 | Politics

Read More: Bob Menendez, Credit Card Reform, Credit Debt, Obama Administration, Politics News

UPDATE: Obama is set to meet with credit card company representatives on Thursday: In a bid to aid consumers hit hard by the recession, lawmakers are...

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Credit Card Firms Back In Hot Seat

Politico | Posted 04.04.2009 | Politics

Read More: Credit Card Reform, Credit Cards, Credit, Lending, Interest Rates, Credit Reform, Usury, Politics News

Longtime supporters of credit card reform have a new weapon in their rhetorical arsenal: the $700 billion Wall Street bailout. "The big banks got bil...

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