All signs point to a continuing deterioration of the credit card market as the month of May saw record highs in credit card defaults in the United States. Consumers remain stressed economically and unemployment is still on the rise. That …
It most certainly is a sign of the times when credit card issuers decide that it is in their best interest to allow consumers to negotiate more favorable repayment plans. The major credit card companies including Capital One, Bank Of …
The United States Senate is now doing their part in imposing restrictions on what credit card issuers can and cannot do with their customers. Sen. Chris Dodd (D - Connecticut ), chairman of the Senate Banking Committee, hopes that the …
The much talked about credit card holders bill of rights passed the House by a vote of 357-70. The people have spoken and Congress listened. The bill will restrict certain credit card practices that are considered to be predatory and …
We sure have been hearing a lot about credit cards in the news lately. Congress and now President Obama himself are getting involved with how the credit card industry operates. It is their wish to regulate the industry after fielding …
The White House recently announced it will be backing congressional efforts to reform the credit card industry. The announcement came during an address that focused on the recession’s affect on mainstream America.
The House and Senate have been working on a …
This really shouldn’t surprise anyone but a couple of leading credit card issuers have just announced that they will be increasing their fees. This time the fee increases will affect balance transfers.
Bank of America and Discover Card Services have recently …
As if soaring tuition rates weren’t bad enough, students are now adding to that by tallying record levels of credit card debt. A new study that was just released yesterday by Sallie Mae, which is a company that is in …
With complaints continuing to roll in about credit card companies, Congress has decided to step up their efforts to control the seemingly unfair business practices of credit card issuers. Cardholders that have never missed payments are seeing their interest rates …
Credit card practices that are deemed to be unfair were roundly criticized last week on the floor of the Senate by United States Sen. Sheldon Whitehouse of Rhode Island. Whitehouse, a Democrat, has proposed legislation that would prohibit credit card …
18 Jun 2009 |
