Credit Card Rules

Credit Card Rewards Programs – Are New Laws Making Them More Stingy?

Finance Gourmet on June 29th, 2010

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 [...]

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Finance Gourmet on August 22nd, 2009

What do the new credit card laws coming in effect mean to you and how can you avoid the tricks credit card companies have up their sleeves?

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Finance Gourmet on July 15th, 2009

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 [...]

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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 [...]

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