credit card act

As I drank in the stunning views of a snow-capped Mt. Rainier on a recent Alaska Airlines flight from Seattle to Los Angeles, the flight attendants were on the loudspeaker upselling hard. It wasn't whiskey, or perfume, or headphones that they were hawking, but rather the airlines' co-branded Visa...

Before the CARD Act went into effect near the end of February, banks and other card issuers were making all sorts of dire predictions about what they'd be "forced" to do if regulations kept them from making outsized profits at the expense of ordinary Americans. Well, the results are in, and it...

For months, the finance industry has been issuing dire warnings that they'd have to deny people credit once reform regulations kicked in. Now that the CARD Act is here, at least some of those predictions seem to be coming true. According to The Consumerist, Chase canceled 15% of its card customers....

If you're like most of us, you've probably received at least one credit card bill with the new format required by the CARD Act that went into effect on February 22. The new format explains how long it will take to pay off your card if you pay only the minimum required. Personally, I like this new...

Sometimes it feels like WalletPop is the official "bad news about credit cards" website. And granted, there's plenty of bad news to go around when it comes to the sneaky ways banks are still trying to get their pound of flesh, even after passage of the landmark CARD Act. But a new report indicates...

As we've told you previously, new rules about bank overdraft "protection" programs kick in this coming July. The new rules basically say you have to voluntarily sign up to let your bank keep processing debit card transactions even after your account falls into the red and also charge you around $35...

Well, the CARD Act is finally here, and CreditCards.com hosted a video town hall meeting today with a White House Administration representative to talk about the new credit card rules and answer questions about how the legislation will affect consumers. Most of the town hall was devoted to...

Congress's legislation for credit-card relief, commonly referred to as the CARD Act, goes into effect this coming Monday, Feb. 22. WalletPop and other media outlets have been covering the arrival of the new law for months now, but there are still a lot of things most Americans don't know about the...

It's no secret that the finance industry isn't really a fan of the new credit card reform rules, aka the CARD Act. On Wednesday, the American Bankers Association (ABA) hosted a conference call with two of its execs to talk about the new legislation. Although Kenneth Clayton, senior vice president...

The credit card reform law, otherwise known as the CARD Act, goes into effect on the 22nd of this month, and it's going to change a lot of things about the way your credit card issuers treat you. They won't be able to spike your interest rate just because they feel like it, for instance, and...