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.

  • Discover Pushes PayPal Payments; First Data Holds Out
    Discover makes headway in bringing eBay's online-payments service to physical retailers, but First Data, one of the country's largest merchant processors, has opted not to support the service. More
  • Consumers' shift to older iPhones raises concerns on Wall StreetConsumers' shift to older iPhones raises concerns on Wall Street
    So many consumers are opting to buy older iPhone models that some analysts wonder whether Apple has lost its ability to create new versions that dazzle. How strange to think that Vicki Macchiavello's decision to buy an iPhone after years of using a BlackBerry could be bad news for Apple. More
  • DealBook: Mortgage Relief Checks Go Out, Only to BounceDealBook: Mortgage Relief Checks Go Out, Only to Bounce
    Relief checks issued as part of a settlement over foreclosure abuses have bounced, an unfortunate twist for consumers who have already faced problems over reviews of troubled mortgage loans. More
  • March retail revenue figure inches up
    U.S. retailers are reporting modest sales gains for March as consumers held back due to cold weather during the month and continued worry about the economy. Overall, 14 retailers reported on Thursday that revenue at stores open at least a year — a key indicator of retail health — rose an average of 0.6 percent. More
  • Fed Maintains Rates and Strategy
    The central bank affirmed that it would keep up its existing efforts to stimulate the economy, even though it expected a return to moderate growth. More
  • Virgin Galactic Crash Probe: Bloomberg West (11/03) - Bloomberg
    ... to the merchants, not be credit card companies. Yes, your credit cards ... an announcement, are nearing with ... There has been some ...
    11/3/2014 - 9:50 am | View Link
  • More
  • 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 ...
    11/3/2011 - 1:43 pm | View Link
  • Health warning timely
    Consumer groups have welcomed new laws that Treasurer Wayne Swan has brought to parliament to give credit-card holders a ''fairer go'' but are disappointed key changes won't apply to existing card holders. The legislation, which is yet to be passed ...
    04/5/2011 - 4:06 pm | View Link
  • 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 - 4:05 pm | View Link
  • New Credit Card Legislation: How Will This Affect Consumer Confidence?
    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
  • Obama Pushes For Credit Card Legislation
    The Senate is nearing a final vote on credit card legislation. NPR's Scott Horsley has been traveling with the president. SCOTT HORSLEY: Many of those in the audience today at Rio Rancho high school outside Albuquerque had written to the president to ...
    05/14/2009 - 5:00 am | View Link
  • More
  • Virgin Credit Cards
    The amount of the credit card or debit card surcharge will vary according to the flight type, as well as the international currency used for the purchase of the air fare.
    11/23/2014 - 10:56 am | View Website
  • Best Credit Cards of 2014: Reviews, Rewards and Offers
    NerdWallet's credit card experts rank the best credit cards out there. Offers include no fee cash back cards with up to 5% back on purchases, cards with 0% interest ...
    11/23/2014 - 7:14 am | View Website
  • A guide to the Credit CARD Act of 2009
    The Credit CARD Act. Wondering what that new credit card act covers and when it takes effect? Find out in this section-by-section review of the Credit CARD Act of 2009.
    11/23/2014 - 4:58 am | View Website
  • Credit Card Bill of Rights
    A complete guide to what credit card companies can and can not do on your credit card
    11/22/2014 - 11:21 pm | View Website
  • Credit card statistics, debt statistics, industry facts
    Credit card statistics, surveys and research from a variety of sources, all cited, making fact-checking and research easy
    11/22/2014 - 5:02 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Politics News