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Credit Card News and Information

FRONTLINE Investigates the Massive Consumer Loan Industry - November 10, 2009FRONTLINE will present The Card Game on PBS channels nationwide November 24, 2009. In The Card Game, a follow-up to the Secret History of the Credit Card and a joint project with ...
How to Recover from Stolen Credit/Debit Card Numbers - November 09, 2009Every week on the news it’s inevitable that we hear about identity theft or a renowned bank that has been hacked putting its members at risk after their database of credit card or debit card numbers...
Credit Union Credit Card Rates Average 20 Percent Lower Than Banks - November 04, 2009As if you needed another reason to join a credit union, a report from the Pew Charitable Trusts says that credit unions offered significantly lower advertised rates compared to bank credit cards, with...
Credit Scores Can Make A Difference - November 02, 2009Are you someone who pays more attention to the scores of last night's big games than your credit scores? If so, you could be paying more for a loan or for insurance than you should. Lenders us...
Credit CARD Act Begins Taking Effect August 20, 2009 - August 19, 2009Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act) was signed into law by President Obama on May 22, 2009. The Credit CARD Act places prohibitions on five practice...
Fed Approves Rule Requiring Creditors to Provide 45 Day Notice of Rate Increase - July 16, 2009The Federal Reserve Board on Wednesday approved an interim final rule amending Regulation Z (Truth in Lending) to require creditors to increase the amount of notice consumers receive before the rate o...
Credit Card Delinquencies Up 23 Basis Points - July 07, 2009Continued stress in the housing market combined with general weakness in the overall economy contributed to an increase in the delinquency rates for credit cards during the first quarter of 2009, acco...
Debit Card Use Higher Than Credit Card Use in 2008 - June 28, 2009According to VISA, US consumers spent more using their debit cards compared to credit cards in 2008. This change may reflect consumers' desire to reduce or prevent credit card debt. This is a tre...
When Will We Know How Credit Scores Are Calculated? - June 03, 2009Credit scores are used when lenders decide what interest rate to charge for auto loans, mortgages, credit cards, and just about every other type of consumer credit, but consumers are left in the dark ...
Obama Signs Credit Card Reform Bill Into Law - May 22, 2009President Obama signed the Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 into law, potentially helping American consumers and ending the days of hidden fees and unfair...
Credit Card Issuers Likely To Exploit Loopholes Left Open By New Law - May 20, 2009Now that the credit card reform bill has passed through both houses of Congress, the bill is on its' way to the President's desk. The fees that credit card issuers rake in from consumers with...
Citi Cards Trying To Get Customers To Pay For A Credit Line Increase - May 18, 2009Consumers are used to getting those annoying blank checks from their credit card company, tempting you into paying even more fees to use your credit. Citi Cards has started a new twist with the check...
The Credit Cardholders Bill of Rights - April 15, 2009Comprehensive Bill in the House of Representatives Aims to Stop Industry Abuses and Improve Disclosure While Fostering Fair Competition and Free Market Values The United States House Financial Inst...
What To Do When Your Credit Card Company Raises Your Interest Rate - April 13, 2009If you are one of the many credit card customers who have had your interest rate suddenly hiked up, then you are not alone. The credit card industry has been even more aggressive about squeezing more...

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