The credit card bill's passage may have provided some hope to consumers over the way that their credit card companies were charging and billing them but the changes are still several long months away. In the meantime, credit card companies are continuing their objectionable practices and are even making them worse.
As the credit card bill's activation comes nearer and nearer, credit card companies are beginning to get worried that they may not be able to make a profit as well as they used to...
The credit card industry has been quite loud in expressing their fears over the negative effects that the passage of the credit card bill will bring. While consumers are hailing the credit card bill as their long awaited relief from oppressive credit industry practices, the credit industry insists that the bill stifle credit availability for consumers instead.
Last week, President Barack Obama presented his plans for establishing a separate agency to monitor and safeguard the rights of...
The way you look at your credit card probably says a great deal about how much credit balance you carry. If you are one of the lucky few who have remained debt free even in this stifling credit atmosphere, then you are probably someone who spends time to look into your bill and decipher what all the fine print means. If, however, you are one of the many American consumers who are carrying large debts on their credit cards, then there is a large possibility that you are among the American...
Continue readingWith employment problems and a struggling economy to deal with, more and more American consumers are seeing their credit cards as their last life line. Unfortunately, as credit debt problems continue and credit companies try to secure their future profitability when the credit card bill comes into play, credit is drying up at an alarming rate.
Equifax, a company specializing on providing credit data to credit companies and similar companies recently released data showing that access to...
When the credit card bill becomes active, students, specifically college students, are going to find that getting a credit card will no longer be as easy as it is right now. That's because the credit card bill will be regulating how credit card companies market their products to the under-21 market.
The legislation is grounded on findings that, among credit cardholders, college students are one of the most burdened with credit debt. So much so that, by the time that they graduate, they are...
Judging by the clamor for the credit card bill and the general jubilation among credit cardholders and their supporters when President Barack Obama signed it this May, it could not have come at a more timely fashion.
The credit card bill is a very important and much needed piece of legislation for credit cardholders. Already burdened with the economic recession and the employment crisis, credit cardholders were staggering under the weight of rising interest rates and fees that credit card...
Among credit cardholders and within the credit card industry, the current buzz is the credit card bill and what it will mean for each and everyone of them.
The credit cardholders are hoping that the legislation in the bill will give them a better arrangement for paying off their debts and keeping their credit. The credit card industry is dreading the cut in profits that the credit card bill will bring.
With the credit card bill in place, predatory practices by credit card companies will...
If you have been following the news, you probably are probably worrying right now about your credit card and how it's going to or is affecting your finances. If you are like the majority of American consumers, then you are probably thinking that credit cards are twice as dangerous as they are convenient. So why get your college kids credit cards?
College students and credit cards don't mix very well, if recent survey figures from Sallie Mae are to be believed. According to the survey, more...
The recent passage of the credit card bill from Congress was cause for celebration for credit cardholders, though the legislation itself won't become active until nine months have passed. Now, the government is looking into other credit card practices that seem unfair to consumers and how best to legislate them.
Currently, the Government Accountability Office is studying credit card usage among American consumers. They are interested in one particular practice and its effect on merchants and...
The credit card industry is in an uproar over the legislations in the recently passed credit card bill. The credit card bill is aimed at legislating many credit card industry practices that cardholders see as unfair and deceitful. For the credit card industry, the credit card bill is a disastrous piece of legislation which will destroy their profitability and, according to them, limit the available credit for American consumers.
During the past few years, the credit card industry has enjoyed...
The passage of the credit card bill has gone remarkably fast. The House version passed during the last days of April and the Senate version just got passed last week. A few days later and President Barack Obama signed the bill into law.
Credit cardholders are excited to finally see some sensible regulation for credit cards. Long feeling oppressed and frustrated by arbitrary interest rate increases and unreasonable fees, credit cardholders have been pressing for the passage of the credit card...
The much awaited credit card bill from congress should be heading for the office of the president anytime this month. With the support that the bill has been getting, not the least of which is President Obama's constant support campaigns, the bill is being processed through the senate with impressive speed.
As the bill continues to be processed in the senate, at least one organization is keeping an eye on what consumer protection rules the bill will carry and what it will not, Demos. Demos...