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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BING NEWS:
  • 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 - 4:06 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
  • 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 ...
    05/14/2009 - 2:55 am | View Link
  • More
BING SEARCH:
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  • My Credit Cards | Another Production of GenX GenY GenZ ...
    Very soon I shall present to you Malaysia’s Best Top 10 Credit Cards – Ultimate Showdown 2015. And as a prelude to my Top 10 List of Best Credit Cards ...
    10/31/2014 - 5:06 am | 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
    10/31/2014 - 12:34 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.
    10/30/2014 - 4:42 pm | View Website
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