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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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 opts-in, Bank of America has decided to do away ...
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 ...
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