Credit Cards

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

Posted 11.30.2009 | Business

Read More: Bank of America, Credit Cards, Credit Card Industry, Credit Card Reform, Credit Card Rates, Credit Card Fees, Business News

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...

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Credit Card Delinquencies Fell In Third Quarter

AP | EILEEN AJ CONNELLY | Posted 11.23.2009 | Business

Read More: Credit Crisis, Credit Card Debt, Credit Cards, Consumer Spending, Business News

NEW YORK — Consumers got more serious about paying down their credit card debt this summer, a time when deliquencies usually go up. Cardholders...

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Unhappy With Your Bank? Blame Silicon Valley

Patrice Peyret | Posted 11.23.2009 | Business

Read More: Mastercard, Credit Cards, Financial Services, Visa, Debit Cards, Venture Capitalists, Venture Capital, Business News

Given the misdeeds of the banking industry, the financial services sector could make huge improvements simply by focusing on serving the ill-served with better, faster and cheaper products.

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Citigroup Credit Cardholders Will See Rates Jump -- Unless They Spend

AP | CANDICE CHOI | Posted 11.20.2009 | Business

Read More: Vikram Pandit, Consumer Debt, Citibank Rate Hike, Citibank, Credit Card Debt, Credit Cards, Citigroup, Business News

NEW YORK — For Citibank credit card holders, there is one way to escape the bank's rate hikes currently under way: Meet a monthly spending requi...

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Now Is Not the Time To Stop Using Your Credit

Jeanne Kelly | Posted 11.18.2009 | Business

Read More: FICO Score, Credit Cards, Mortgage, Credit, Credit Rating, Car Loan, Home Loan, Credit Tips, Finance Advice, Personal Finance, Bill Paying, Business News

Credit is sort of like a healthy body. You've got to use it to have it and you've got to use it well and on an on-going basis to have it be stellar.

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Cash or Credit? In a Taxi, It Depends Which Side of the Partition You're On

Melissa Plaut | Posted 11.17.2009 | New York

Read More: Taxis, New York Cabbies, Taxi Drivers, Credit, Cab Drivers, Cabs, Wireless, Cabbies, Credit Card, Credit Cards, New York, Tlc, Taxi, Cab, New York News

When you swipe your card, the driver has to pay a hefty 5% extra. Why are New York's cabbies paying so much? Because of all the middlemen. A few people are making truckloads of money on drivers' backs.

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Credit Card Fees: 10 Ways Credit Card Companies Are Still Ripping You Off

businessinsider.com | Lawrence Delevingne | Posted 11.11.2009 | Business

Read More: Credit CARD Act, Bank of America, Credit Cards, 10 Ways Credit Cards Are Screwing You Over, Center for Responsible Lending, Credit Card Fees, Business News

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...

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JPMorgan Chase Says New Credit Card Law To Cost Firm At Least Half A Billion Dollars A Year

HuffingtonPost.com | Shahien Nasiripour | Posted 11.10.2009 | Business

Read More: Transparency, Financial Crisis, JPMorgan Chase, Jamie Dimon, Credit Cards, Consumer Protection, Credit Card Industry, Business News

The nation's second-largest bank said a new law that limits unfair rate hikes and hidden fees will cost it as much as $750 million a year. JPMorgan...

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Credit Card Swipes Adding Up For Cab Drivers

nytimes.com | MICHAEL M. GRYNBAUM | Posted 11.09.2009 | New York

Read More: Cabbies, Taxi Drivers, Credit Cards, Taxi Fares, Taxi Cabs, New York City, Cab Drivers, Tlc, New York News

New York's cabbies howled when the city began forcing them to take credit cards. Some even went on strike, calling the requirements a kowtow to touris...

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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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Gaming the System

Sen. Mark Udall | Posted 11.06.2009 | Politics

Read More: Credit Cards, Consumer Protection, Financial Crisis, Politics News

Families and small businesses are hurting during these tough times, and I find it unconscionable for credit card companies to game the system and jack up already high interest rates even higher.

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An End to the Credit Card Madness

Jose A. Garcia | Posted 11.02.2009 | Business

Read More: Senator Chris Dodd, Consumer Debt, Credit Card Debt, Credit Cards, Recession, House Financial Services Committee, Business News

Since the passage of the Credit CARD Act of 2009, credit card companies have been jacking up interest rates in anticipation of February 22, 2010, when the law goes into full effect.

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What Really Scares Me This Halloween

Adam Hanft | Posted 10.31.2009 | Living

Read More: Blackberry, Credit Cards, Twitter, Facebook, Drug War, Great Recession, Michael Bloomberg, Living News

The fact that 80% of the recent jobs lost were held by men; people who have volunteered for Bloomberg's third term bid; getting Facebook invitations from people who campaigned for Eugene McCarthy.

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"I Was Blind To Let You Go": BofA Dumps Complaining Customer, Wants Her Back Two Days Later

HuffingtonPost.com | Arthur Delaney | Posted 10.30.2009 | Business

Read More: Credit Cards, Debtors Revolt, Bank of America, Consumers, Credit Crisis, Business News

Jane Padgett couldn't believe it when the company that sells her dog's medicine said her credit card had been denied. When she called Bank of America,...

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The Lawyers Who Would Torture

David A. Love | Posted 10.29.2009 | Books

Throughout history we have witnessed the ways in which societies compromise their legal systems to oppress the many, benefit the few, and sanction the unconscionable.

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Giving Credit Where Credit Will Do: How the Banks Have Changed the Rules Halfway Through the Game

Nelson Montana | Posted 10.29.2009 | Business

Read More: Credit Cards, Consumer Debt, Bankruptcy, Bailout, Visa, Finance, Economy, Mastercard, Banks, Interest Rates, Money, Congress, Business News

The way it stands with credit card companies these days, you might be better off dealing with loan sharks. At least they'll warn you before breaking your legs. The banks sneak up behind you and do it.

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Dodd Wants Immediate Credit Card Rate Freeze

AP | ANNE FLAHERTY | Posted 10.26.2009 | Business

Read More: Credit Card, Credit Card Rates, Credit Card Rates Freeze, Chris Dodd, Banks, Credit Cards, Business News

WASHINGTON — Senate Banking Committee Chairman Chris Dodd, who is fighting for his political survival, proposed Monday an immediate interest rat...

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Ann Minch To Chase Bank: "Are You Stupid?" (VIDEO)

HuffingtonPost.com | Arthur Delaney | Posted 10.26.2009 | Business

Read More: Ann Minch, Chase Bank, Debtors Revolt, Credit Crisis, Credit Cards, Business News

Ann Minch has a question for Chase Bank after it raised the interest rate on her credit card to 21.24 percent. "Are you stupid? Chase Bank, are you s...

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Ed Yingling: Banking Industry's Top Defender Got It Wrong Over and Over Again

HuffingtonPost.com | Shahien Nasiripour | Posted 10.26.2009 | Business

Read More: Aba, Financial Reform, Lobbyists, Cfpa, Credit Cards, Heather Booth, Americans for Financial Reform, Consumer Financial Protection Agency, Edward L. Yingling, Ed-Yingling, Overdraft Fees, Financial Crisis, Banks, Bank Lobbying, Edward Yingling, Ed Yingling, Financial Regulation, American Bankers Association, Business News

As the American Bankers Association gathers for its annual convention in Chicago amid hundreds of protesters, and sets off to kill or at least defang ...

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Credit Cards or Credit Crash? The Assault on Consumers Continues

Georges Ugeux | Posted 10.23.2009 | Business

Read More: Dow Jones, Bank of America, Citibank, Obama Administration, Credit Limits, Comptroller of the Currency, Economic Recovery, Credit Cards, Debit Cards, Business News

Banks' behavior demonstrates that their refusal to act responsibly is endless and that they certainly have not learned their lesson. We need a consumer finance agency to protect credit card holders.

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Congressional Fail: Don't Let Congress Take Credit

Harry Moroz | Posted 10.23.2009 | Politics

Read More: Consumer Protection, Credit Cardholders Bill of Rights, Congress, Senator Dodd, Credit Cards, Rep. Maloney, Credit Card Accountability Responsbility and Disclosure Act, Financial Regulation, Politics News

Even as consumers suffer the housing crisis and an abysmal job market, they face the prospect of hundreds or even thousands more dollars of credit card debt because of Congress.

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My Action Plan: 15 Things Every American Can Do Right Now

Michael Moore | Posted 10.22.2009 | Politics

Read More: Cooperatives, Newspapers, Twitter, Civil Disobedience, Evictions, Credit Crisis, Credit Cards, Media, Facebook, Democratic Party, Green Energy, Single Payer, Barack Obama, Movies, Campaign Finance, Michael Pollan, Wall Street, Michael Moore, Protest, Sarah Palin, Showdown-in-Chicago, Financial Crisis, Capitalism: A Love Story, Universal Health Care, Climate Change, Foreclosure, Medicare, Unions, Global Warming, Politics News

I have 15 things we can all do right now to fix the very broken system in this country and to fight back against those who have brought us to where we are. C'mon people -- we can do this!

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Fed Chair Balks At Speed-Up Of Credit-Card Rules

HuffingtonPost.com | Shahien Nasiripour | Posted 10.21.2009 | Business

Read More: Federal Reserve, Credit Cards, Fed, Bernanke, Business News

Federal Reserve Chairman Ben Bernanke has told Congress that accelerating the effective date of credit card reform legislation would be good for consu...

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Boost Your Credit Score

Jeanne Kelly | Posted 10.26.2009 | Living

Read More: Mortgages, Credit Cards, FICO Score, FICO Advice, Credit Lines, Loans, Fico, Home Equities, Second Mortgage, Credit Limit, Home Equity Loan, Financial Advice, Living News

Because 30% of your FICO score is based on amounts owed on revolving credit, I can't say it enough: watch your balances!

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Citi Closing Mastercards Without Warning

msn.com | Posted 10.21.2009 | Business

Read More: Citi, Phillips Conoco, Exxon Mobile, Credit CARD Act, Exxonmobil, L Mastercard, Gas Cards, Citbank, Master Card, Credit Cards, Shell, Citgo, Shell Oil, Banks, Business News

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...

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