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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    ... CARD companies heaved a collective sigh of relief after the proposed cap on credit-card interest rates was deleted from the provisions of a proposed legislation. Credit Card Association of the Philippines (CCAP) Executive Director and Spokesman Alex ...
    12/10/2014 - 5:53 pm | View Link
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    Total borrowing reached a record $2.84 trillion. The category that includes credit card use rose $6.6 billion, also the largest gain in a year. Credit card debt reached $847.1 billion, the most since September 2010. Credit card debt remains about 16 ...
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  • Credit card delinquency on the rise
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  • Legal, regulatory, privacy issues
    Legal, regulatory, privacy issues. Credit card issues have become more complicated. Read about the latest legal, regulatory and privacy issues related to credit.
    04/17/2018 - 8:12 pm | View Website
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