creditcardfees

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...

Just when you thought new legislation meant plastic was safe. Credit card companies are finding loopholes in the new Credit Card Act of May 2009. Their motive: Making up for lost revenue and side-steeping the reform. The first part of the law rolled into effect in August, and required banks to...

If you want to see a consumer financial protection agency, now is the time to let your Congressman know how important that protection will be for you. I've seen many comments on WalletPop about how abusive credit card and mortgage practices have hurt people's financial position. Most of those...

Credit card companies need to find some way to keep their good customers or attract new ones -- those who actually pay their bills on time. They used to be called "deadbeats" inside credit card companies, because there wasn't as much profit to be made from someone who paid off their card each...

President Obama made good on a campaign pledge for credit-card reform on Thursday when he sat down with execs from issuers to demand a halt to an epidemic of increasing fees, interest rates, and red tape. The New York Times (among other publications) reports that Obama envisions a compromise...

Using credit cards has become downright dangerous for consumers. I'm not even referring to identity theft or fraud risks. I'm talking about the legal stuff that credit card companies can do to you. It's all in the agreement you signed to get the card.It's been well documented in the media that...