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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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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 ...
Latest News & Financial Reform
Short Sale Plan: Borrowers Who Vacate Can Still Avoid Foreclosure
The Obama Administration’s new short sale alternative to mortgage modifications can also...
Dodd: Consumer Watchdog to have ‘Autonomous’ Rule Authority
A new consumer protection ‘bureau” with sweeping authority over credit cards, mortgages...
Dodd Plan: Consumer Agency to Have New Oversight Bosses
Senate Banking Committee Chairman Christopher Dodd will propose a consumer financial protection...
Interest Rate Watch: Will the Fed Modify ‘Extended Period’ Pledge?
All markets will be on watch Tuesday as Federal Reserve officials meet to signal or issue an...
Calif., Fla. Led in Homebuyer Tax Credits Claimed in FY 2009
During the first nine months of 2009, there were 479,622 claims filed and granted for the first-time...
FHA Chief: Mortgage Insurer is Not ‘the Next Subprime’ Crisis
The chief of the Federal Housing Administration insisted before a Congressional panel that...
Online Fraud Losses Doubled in 2009, FBI Says
Online fraud complaints jumped 23.3 percent in 2009 to 336,655 with a total loss of $559.7...
HAMP: Foreclosure Help Rate Nudges to 29% of Eligible
The government’s primary foreclosure rescue program has permanently reduced the mortgage...
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Consumer & Credit Trends
Apple’s iPad and AT&T’s ‘Breakthrough’ 3G Deal
The super-hyped debut of Apple’s iPad tablet computer next month will carry with it what...
A 40% Sales Surge May Spur Toyota to Extend 0% Financing
After seeing a 40 percent sales surge in the first 10 days of March compared to a year earlier,...
Coco-Crazed Fans: NBC’s Loss is a Gain for American Express
The American Express-sponsored U.S. comedy tour featuring former Tonight Show host Conan O’Brien...
Bank of America’s Non-HAMP Foreclosure Rescues at 500,000
Bank of America today released a tally of its own, non-government foreclosure rescue efforts...
Mega-Game FarmVille Now Takes Facebook Credits
It was inevitable that Facebook’s cross-application currency – which is primed to become...
Discover Card Issuer Expects 1Q Loss, Boosts Credit Reserves
Although its credit delinquency rate may have leveled off, Discover Financial Services is boosting...
Despite Recall Crisis, Toyota Sales Boosted by 0% Financing
Toyota’s widest zero-percent financing incentives are paying off with the troubled car company...
Twitter-Like Blippy has New Per-Item Credit Privacy Option
Blippy, the Twitter-like social media site that went live in January and displays users’...
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Mortgage Rates
Rates 3/11 3/4 30-Year Fixed 4.95 
4.97 15-Year Fixed 4.32 4.33 1-Year ARM 4.22 4.27 Source: Freddie Mac See Articles on Foreclosure Crisis 
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Delta Reserve by AMEX 
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IBERIABANK Visa® 
