A group of consumer advocates and nonprofit companies are urging the United States government to push for faster adaptation to chip and PIN technology in order to protect consumers.
“Congress must urge the nation’s largest credit card issuers—particularly the big banks and credit unions—to do everything they can to provide the best possible safeguards to protect consumers and their financial transactions,” said a letter signed by companies such as ProtectMyData, the Multicultural...
With the passage of the credit card bill from the Senate, consumers are seeing a bit of hope from the economic crisis. Consumer groups are also hailing the credit card bill and are excited to finally see a tough legislation for consumer protection come out of Congress.
Travis Plunkett from Consumer Federation of America recently said, “This is probably the strongest piece of consumer legislation to pass Congress in a decade.”
Although consumer groups consider the credit card bill as a...
Legislation aimed at regulating unfair billing practices within the credit card industry have dominated the news for the past few weeks. While this is good news for consumers who are currently struggling to keep their accounts in good standing, there is another industry that is preying on consumers who have already fallen behind on credit card payments. Various debt "relief" companies are sprouting up everywhere, making promises that few cash-strapped consumers can resist. This largely...
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