Archive for Credit Card Rules
It is standard lobbying practice for any industry about to come under additional regulation from Congress to shout to the press, and whoever else will listen, that any and all proposed regulations or laws of any kind would adversely affect the poor customer. Thus, any additional rules or regulations of any kind on credit card companies would make things worse for credit card customers. More reading:... Read more→
New credit card laws passed by Congress in 2009 are going into effect. What you need to know about credit card laws and how they have changed won’t be a big difference from what things were before. Credit Card companies testified in front of Congress that they would stop using their very worst tricks. That, plus a multi-million dollar lobbying campaign made sure that the... Read more→
Citibank raised the interest rates for customers with high credit scores who had never missed a payment. Virtually every credit card company opposed the very tame reforms recently passed into law by Congress. The sad truth is that is isn’t a matter of if your credit card issuer will try something sneaky, it’s a matter of when, and how bad will it be. While there is always... Read more→
Issuers of credit cards have started re-doing their terms and conditions in anticipation of recently passed legislation taking effect which prohibits some of the more egregious terms from credit card agreements. Watch for non-descript black and white mailings that contain a small brochure with fine print. These are likely the new terms and conditions for your existing credit cards. Make... Read more→
