creditcardact

The credit card reform bill, otherwise known as the Credit CARD Act, goes into effect next month (on February 22, to be exact). While there's a lot to be grateful for in this legislation, there are also some omissions, loopholes and flat-out giveaways to the credit card companies of which consumers...

The Federal Reserve just issued more than 1,100 pages of clarifications about the the Credit CARD Act, which goes into effect next month. A handful of the clarifications revolve around sneaky interest-rate tricks in which the banks currently engage. Fortunately, many of the Fed's notes clarify...

It's not law yet, but it's come a long way. On Friday, Dec. 11, the House of Representatives passed the Wall Street Reform and Consumer Protection Act of 2009, which includes a provision for creating a new agency aimed at protecting ordinary Americans from predatory lending practices. The new...