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Know Your Rights: Credit Card Laws Take Effect
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The Federal Reserve decribed the Credt CARD Act as "milestone" protections against retroactive interest rate hikes, unreasonable fees and other unfair practices. • See our overview of the reform's main provisions. • Click to see all recent articles on credit card reform. |
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Fed to Ban Credit Card ‘Inactivity’ Fees, Restrict Other Penalties
In new rules defining “unreasonable” penalty fees under credit card reform laws, the Federal Reserve today proposed prohibiting so-called “inactivity fees” and other fees that ...
FTC Rule Clarifies Confusing ‘Free Credit Reports’ Ads
Starting April 1, advertisements peddling “free credit reports” will require new disclosures to help consumers avoid confusing offers – which often require customers to spend ...
New Foreclosure Fix: Obama to Move $1.5B into Hard-Hit States
The Obama Administration will allocate $1.5 billion to state housing agencies to help “underwater” borrowers and those unemployed facing foreclosures in the hardest-hit states of ...
Fed Finalizes ‘Milestone’ Credit Card Reform Rules
The Federal Reserve today approved a "final rule" restricting interest rate hikes in the first year of credit card agreements and prohibiting increases on existing balances - except ...
Pre-Reform Credit Card Offers Soar with Higher APRs
With weeks to go before historic restrictions on interest rate hikes take affect, credit card issuers waged a comeback in mailed offers in the fourth ...
Treasury, HUD Try Speeding Up Foreclosure Rescues
U.S. Treasury and Housing and Urban Development (HUD) officials today announced new paperwork guidelines to speed up permanent mortgage modifications for borrowers under the government's ...
Obama’s Small Business Plan: $30B from TARP; Boost SBA
President Obama today formally launched his already-controversial proposal to re-direct $30 billion in bailout funds into community banks to bolster small business lending. It comes a ...
Latest News & Financial Reform
Beyond Volcker Rule: Dems Push Trading Limits for Banks
Five Democratic senators today proposed to broadly limit proprietary trading, such as speculating...
Bank of America: Low-Balance Alerts Part of Overdraft Plan
In addition to its ground-breaking plan this summer to end overdraft fees on its debit card...
Obama Short Sale Plan Avoids Foreclosure with Less Debt
A new initiative by the Obama Administration in its slow-moving and often-criticized foreclosure...
Twitter Takes Action Against Phishing, ‘Deceitful Attacks’
In behind-the-scenes security adjustments, Twitter said it is cracking down on phishing attacks...
Bank of America to End Debit Card Overdraft Fees
Just about when new rules take effect forcing banks to halt overdraft fees unless a customer...
LifeLock Settles with FTC on I.D.-Theft Protection ‘False Claims’
LifeLock — whose CEO brashly displayed his Social Security number in commercials —...
Small Businesses Down on Outlook & Jobs Tax Credit
A national Index of Small Business Optimism lost 1.3 points in February, falling back to December’s...
American Express, TakePart Launch during Oscar Telecast
If you watched the commercials during the Academy Awards, you may have caught the launch of...
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Credit Industry Trends
Credit Card Scams: Don’t Fall for ‘Free’ Apple iPad Offers
With the much-ballyhooed debut of Apple’s iPad days away, Internet security experts are warning...
Home Price Reductions Slip to 19% of Listings, Trulia Says
The percentage of homes with a price reduction fell below 20 percent for the first time, according...
Ford Joins GM, Toyota in O% APR Financing Offers
After troubled Toyota announced last week its unusual move of offering zero-percent financing...
Fed’s Credit Card Fee Rules Eye ‘Consumer Conduct’
The Federal Reserve’s newly announced rules restricting fees by credit card issuers focus...
Bank Failures on Pace This Year to Surpass 2009 Tally
Propelled by a still unfolding commercial real estate loan crisis, bank failures this year...
Blockbuster Movie Rental Chain Brings Back Late Fees
Be advised that the movie-rental store chain Blockbuster has reinstated a late fee structure,...
Apple’s Double-Dip? iPhone Users Can’t Tether 3G to iPad
The news is spreading quickly today to disappointed iPhone users who were highly anticipating...
Credit Card Borrowing Falls for 16th Month, But Stabilizing
Credit card borrowing fell for the 16th consecutive month in January, but the decline was the...
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Mortgage Rates
Rates March 4 Feb. 25 30-Year Fixed 4.97 
5.05 15-Year Fixed 4.33 4.40 1-Year ARM 4.27 
4.15 Source: Freddie Mac See Articles on Foreclosure Crisis 
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Delta Reserve by AMEX 
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IBERIABANK Visa® 
