late fees

Citigroup announced Monday its new no-fee, no-penalty Simplicity credit card, designed for the very creditworthy person who might once in a while forget to make a payment on time. No gotchas in your credit card bill sounds like a great idea, right? Well ... maybe.

When the Credit CARD Act of 2009 was enacted, the goal was to make credit cards safer for people, but banks have found a loophole. Those consumer protections weren't extended to cards designated for business or commercial use, and as a result, millions of American households are at risk from the same unfair bank practices as before.

A new report from the Center for Responsible Lending paints a seriously depressing picture of the damage the payday loan industry wreaks on its customers. What's worse is that the report actually understates the grim reality facing payday borrowers today.

Here's the scenario: You're in the elevator, or perhaps the office, when the smartphone dings (or vibrates or whatever you have it set to do). It's one of the notices you set up with your bank, where you do most of your business online. The credit card bill is due – tomorrow. Or maybe the...

Now that Americans borrow more DVDs at the library than they rent at Netflix, according to a survey published in the Consumerist, WalletPop would like to warn you of the steep late fines lurking at your local branch. We're talking amounts that can be expressed in the Dewey Decimal system if you're...

If you still rent movies at Blockbuster, beware the return of late fees. The rental chain is reinstating late fees in the form of a $1 a day up to 10 days after the rental, capping fees at $10. Blockbuster is also shortening the rental period from seven to five days for $4.99 titles. All this is...

A new report by the Center for Responsible Lending shows that issuers have created or expanded at least eight hidden charges to replace the income they anticipate losing because of newly enacted laws and Federal Reserve rules intended to stop credit card abuses.

For years now, Blockbuster has boasted that it doesn't charge late fees for movie and video game rentals by telling its customers to "Celebrate the end of late fees." But starting this week, it appears the celebration will be over as Blockbuster begins to reinstate late fees for video games at...

Do you use a Discover credit card? If so you'd better check your due dates as the Consumerist reports that many users have logged in to find that their Discover payment due dates have been moved up several days. Upon reading this I logged into my own account and found that the payment due date I...