Credit Card Legislation Nearing Success

Legislation to rein in credit card practices and eliminate sudden rate hikes and late fees that have entangled millions of American consumers is getting closer to becoming law, bolstered by presidential pressure and the backdrop of economic calamity.

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  • Right-Wing's Pelosi Smear Ignores Historic Credit Card Reform Passed Under Her Watch
    Many banking industry officials are concerned about the legislation ... ABC News reported that Congress was "nearing completion of a bill that would place tough new restrictions on credit card companies and protect card holders from arbitrary rate ...
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  • Health warning timely
    The legislation, which is yet to be passed, would require lenders to allocate repayments to higher-interest card debt first ... would have a duty to notify such customers that they are nearing their limit. As for the minimum repayment warning, Cox says ...
    04/5/2011 - 4:04 pm | View Link
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    Credit card companies are fighting back by threatening lawmakers that this type of legislation will limit the flow of credit ... With the election nearing in 2010 though, members of Congress don’t want to be accused of being unresponsive to the needs ...
    05/20/2009 - 1:00 pm | View Link
  • Congress' Credit Limit
    consumer groups charge that the legislation is riddled with loopholes for heavyweight banks. Credit card debt in the United States now totals more than $960 billion, with default rates nearing 10 percent for some lenders. Many of the biggest credit card ...
    05/13/2009 - 6:55 pm | View Link
  • Obama Pushes For Credit Card Legislation
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    05/13/2009 - 1:00 pm | View Link
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  • Avoid Scheming Credit Card Scam Artists
    Familiarize yourself with these 21 tips to avoid being the victim of a credit card fraud.
    04/20/2014 - 11:44 pm | View Website
  • Suze Orman on the New Credit Card Law
    Q: My brother is determined to wring as much value as possible from his credit cards. He goes so far as to write in permanent marker on each of his and his wife's ...
    04/20/2014 - 5:39 pm | View Website
  • A to Z Guide to Credit Cards
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  • FDIC: FDIC Consumer News Fall 2009
    Credit Cards Consumer Protections. Federal law limits your losses to a maximum of $50 if your credit card is lost or stolen, although industry practices may further ...
    04/20/2014 - 10:22 am | View Website
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    Anyone can get their credit card balance cut in half. I have to pay someone to help me settle my credit card debt. All debt settlement companies are the same.
    04/20/2014 - 7:30 am | View Website
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