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:
  • Why Does My Credit Card Limit Affect My Credit Score?
    you can set up mobile alerts to let you know when you are nearing a set spending amount. You can also pay early (or multiple times per month) to keep the balance low. This can be particularly smart if you are rebuilding credit with a secured credit card ...
    07/5/2015 - 9:00 pm | View Link
  • 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
  • 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 ...
    05/20/2014 - 1:00 pm | View Link
  • Right-Wing's Pelosi Smear Ignores Historic Credit Card Reform Passed Under Her Watch
    In a bid to aid consumers hit hard by the recession, lawmakers are pushing legislation this week ... 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 ...
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  • 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 - 1:55 am | 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 ...
    05/13/2009 - 1:00 pm | View Link
  • Congress Nears Completion of 'Bill of Rights' for Credit Card Owners
    Congress is nearing completion ... that propelled the legislation to the Senate floor. Support from both sides of the political spectrum is perhaps a symptom of the frustration lawmakers feel in their districts from voters toward credit card companies.
    05/12/2009 - 1:00 pm | View Link
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  • Financing Your First Investment Property
    Considering buying a second home, vacation time-share or rental property? Our credit experts share tips for finding and financing your investment property.
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  • 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.
    02/5/2016 - 7:01 am | View Website
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