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
  • In our opinion: How will your current credit card debt impact your future?
    The average household carries credit card debt of more than $7,000. And studies show people nearing retirement age are woefully ... “We have seen the level of legislation around retirement security increasing among state legislatures year after year ...
    06/13/2015 - 8:19 pm | View Link
  • Credit Unions feel stymied by lending limitations
    Mid-Atlantic has had to pull back on making loans because it is nearing a federally mandated cap on business ... one that may come to a head this year as Congress considers raising the limit. Legislation, now before the Senate, proposes to increase from ...
    06/9/2012 - 9:00 pm | View Link
  • 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
    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
  • More
  • Credit card news: Complete archive of stories, articles ...
    All credit card news. This archive contains all credit cards news stories and articles from the editorial team.
    10/7/2015 - 1:42 am | View Website
  • My Credit Card Raised My Interest Rate! Here's What to Do ...
    Stories of credit card companies raising interest rates on just about everybody—even customers with perfect credit, no debt, and no late payments—continue to roll in.
    10/6/2015 - 5:50 pm | View Website
  • Public School Employees' Retirement System
    Countdown to Retirement (Checklist) Last Chance to Purchase Service Credit Foundations for Your Future (Educational Programs) Retirement Estimates Exit Counseling
    10/6/2015 - 10:26 am | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    10/6/2015 - 6:51 am | View Website
  • The Free List of Bank & Credit Union Repo Sales ...
    Repo Finder provides free repossessed bank cars for sale, bank repossessed cars, credit union repossessions, and ATV repo lists among other repo sales service lists ...
    10/6/2015 - 2:05 am | 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