Comments on: Feds Approve Rule to Curb Unfair or Deceptive Credit Card Practices

By: Obama Signs Credit Card Reform Bill · Credit Card Watcher

Obama Signs Credit Card Reform Bill · Credit Card Watcher — Fri, 22 May 2009 19:58:27 +0000

[...] of the changes in the The Credit Card Accountability Responsibility and Disclosure Act were already put into place by the Federal Reserve in December, those rules weren’t set to take effect until July 2010. The newly signed bill will require [...]

By: Banks Continue to Hike Rates, Fees · Credit Card Watcher

Banks Continue to Hike Rates, Fees · Credit Card Watcher — Tue, 28 Apr 2009 20:50:32 +0000

[...] see this wave of rate and fee hikes as an attempt by banks to preempt the ramifications of the rules announced by the Federal Reserve set to take effect in July 2010. In light of these recent increases, a few legislative changes have [...]

By: Cyrus

Cyrus — Sat, 03 Jan 2009 17:05:10 +0000

As someone who’s worked in the credit card industry, I can’t tell you how glad I am that consumers are getting more protection from greedy issuers. 2010 can’t come soon enough.