Wednesday, March 10, 2010

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Know Your Rights: Credit Card Laws Take Effect

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.
Credit card laws

Latest News & Financial Reform

Beyond Volcker Rule: Dems Push Trading Limits for Banks 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 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 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’ 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 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 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 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 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 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 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 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’ 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 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 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 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 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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