Credit Card Deception Leaves Millions in Huge Debt (source: Hispanic Business)

More info…
LOS ANGELES (Xinhua) — Americans depend heavily on credit cards but the industry is also in big trouble and the U.S. government is going to crack down on deceptive credit card practices.

It is reported that U.S…. (source: Hispanic Business) - RSS and News widget on Feedzilla.com

Obama Seeking New Credit Card User Laws (source: TIME)

President Barack Obama said Thursday his administration is determined to get a credit-card law that eliminates tricky fine print, sudden rate increases and late fees that give millions of consumers headaches (source: TIME) - RSS widgets and RSS feeds on Feedzilla.com

Credit Cards

mbna credit card

Credit card bill tests Democrats’ political will (Reuters via Yahoo! News)

More info…
A Congressional panel is expected to approve legislation on Wednesday that would curb high credit card fees and penalties assessed by many banks that have benefited from the federal government’s financial bailout program.

Credit Cards

House Panel Tackles Rewrite of Credit Card Rules (CQPolitics.com via Yahoo! News)

Legislation designed to crack down on “unfair and deceptive” practices by credit card companies was headed for approval by the House Financial Services Committee Wednesday, as the White House suggested changes to strengthen it.

low apr credit cards

Credit card crackdown advances - CNN Money

More info…
WASHINGTON (CNNMoney.com) — A key House panel on Wednesday advanced a bill to crack down on credit card interest rates and fees amid signs the Obama administration will try to toughen the bill further before it goes to a full vote. The House …

Credit Cards

credit card laws