The government agency tasked with protecting consumers is backing down in its fight to limit credit card fees. The Consumer Financial Protection Bu...
How many hoops do homeowners have to jump through to shake off a bad mortgage? This question is at the heart of a growing area of law as judges acr...
As Americans continue to lose their homes in record numbers, the Federal Reserve is considering making it much harder for homeowners to stop foreclosu...
The Federal Reserve warned Congress in a recent report that protecting small businesses from the kind of "harmful" credit card practices it prohibits ...
Today the Fed has amended the Truth in Lending regulation "to protect credit card users from unreasonable late payment and other penalty fees and to require credit card issuers to reconsider increases in interest rates."
In its new regulations, the Fed did Americans a huge disservice, doing away with consumers' potential right of recovery of overdraft charges -- which will total nearly $37.5 billion in 2009 alone.
