At first glance, the sweeping credit card legislation that passed the Senate on Tuesday looks like a huge victory for consumers. The bill (and similar...
Sen. Chris Dodd | Posted 06.19.2009 | Politics
Over and over we've heard that consumers should act responsibly when it comes to credit cards. I agree -- but it's time we held credit card companies to the same standard.
New York Times | ANDREW MARTIN | Posted 06.18.2009 | Business
Credit cards have long been a very good deal for people who pay their bills on time and in full. Even as card companies imposed punitive fees and pena...
Arianna Huffington | Posted 06.18.2009 | Politics
In The Divine Comedy Dante assigned usurers to the seventh circle of hell. The Senate obviously needs a refresher course -- since it overwhelming voted down Bernie Sanders' measure that would cap credit card interest rates at 15 percent.
Reuters | Posted 06.18.2009 | Business
U.S. credit card defaults rose in April to record highs, with Citigroup and Wells Fargo posting double digit loss rates, as the recession slashed more...
Roseanne Colletti | Posted 06.17.2009 | Business
Some very daring and technically astute thieves rigged some ATM machines at two bank locations and swiped half-a-million dollars from account holders.
Harry Moroz | Posted 06.14.2009 | Business
The Credit Card Accountability, Responsibility, and Disclosure Act, though an important milestone in consumer protections, exhibits the signs of the credit card industry's powerful influence.
AP | DARLENE SUPERVILLE | Posted 06.14.2009 | Politics
RIO RANCHO, N.M. — President Barack Obama urged Congress on Thursday to quickly send him legislation ending abusive credit card practices. But h...
Simon Rosenberg | Posted 06.14.2009 | Politics
Do we really want, as a matter of national policy, Americans to spend, to take on more debt?
HuffingtonPost.com | Ryan Grim | Posted 06.12.2009 | Politics
Sen. Chris Dodd (D-Conn.) released the text of his credit card reform package on Monday and we posted it online, asking for your thoughts. More than 9...
HuffingtonPost.com | Ryan Grim | Posted 06.11.2009 | Politics
The Senate takes up the Credit Cardholders' Bill of Rights on Tuesday, a package sponsored by Sen. Chris Dodd (D-Conn.) that seeks to rein in certain ...
AP/HUFFPOST | Posted 06.09.2009 | Politics
AP: WASHINGTON — Putting himself on the side of fuming consumers, President Barack Obama is pushing Congress to send him legislation by Memorial...
Danny Schechter | Posted 06.07.2009 | Business
As card companies began to experience the losses, they began operating in a more predatory manner, jacking up fees and putting the collection pressure on.
Nancy Lublin | Posted 06.07.2009 | Business
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Jose A. Garcia | Posted 06.06.2009 | Politics
It is projected that, between 2020 and 2030, developing country emissions of carbon from energy use will exceed those of developed countries.
Sen. Bernie Sanders | Posted 06.05.2009 | Business
I hope you will read these stories from Vermont and the nation. They offer a window into the outrageous behavior of credit card companies, and why we need fundamental reform of the industry.
HuffingtonPost.com | Ryan Grim | Posted 06.05.2009 | Politics
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...
Caleb Gibson | Posted 06.01.2009 | Politics
Roxana Araujo is a financial crimes investigator for Florida's Office of Financial Regulation. It's her job to sniff out unscrupulous lending practic...
Huffington Post Contributor | Caleb Gibson | Posted 06.01.2009 | Politics
Roxana Araujo is a financial crimes investigator for Florida's Office of Financial Regulation. It's her job to sniff out unscrupulous lending practic...
Arianna Huffington | Posted 05.31.2009 | Politics
How do the same banks that have repeatedly come to Washington over the last eight months asking for billions to rescue them from their catastrophic mistakes, somehow still "own the place"?
Sen. Chris Dodd | Posted 05.31.2009 | Politics
We have a once-in-a-generation opportunity to end the abusive and predatory practices of the credit card companies.
Jim Randel | Posted 05.28.2009 | Business
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.
Alan Schram | Posted 05.27.2009 | Business
Elizabeth Warren, along with other proponents of government restrictions, should put their money where their mouths are, quit their jobs and start a credit card company.
Rick Horowitz | Posted 05.25.2009 | Business
Wasn't the government shoveling billions of dollars at these very same banks to help them? And to pick this moment to stick it to the people with higher interest rates, and lower credit limits, and hidden fees?
Ray Hanania | Posted 05.25.2009 | Business
What do we have when a banking tyrant like J.P. Morgan Chase decides on its own to jack up the interest rates?
New York Times | Ron Lieber | Posted 06.19.2009 | Business