CreditCard News

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Opinion: Credit Card Users Need Relief Now

(Nov. 24) -- As you reach for your credit card this holiday season, be aware that your bill may have some unpleasant surprises in store for you: interest rate hikes and decreased credit limits, even if you have good credit and pay your balances on time. Congress passed a law in May to crack down on the abusive practices...

CreditCard News From the Web

03/23/12 Credit card cos' social media push draws criticism Source: Total Telecom The use of social media by credit-card companies has some consumer advocates looking for a "dislike" button.
03/13/12 Feds probe JPMorgan Chase credit-card collections Source: 1010 Wins (MoneyWatch) The federal government is investigating JPMorgan Chase ( JPM ) for allegedly having tried to recover outstanding credit-card debt in excess of what customers owed and engaging in other faulty collection practices, American Banker reports.
08/15/11 Bank of America to sell foreign credit card units Source: Dallas Business Journal - Dallas TX BofA has sold its Canadian credit card portfolio to Toronto-Dominion Bank Toronto-Dominion Bank Latest from The Business Journals Bank of America selling foreign credit-card units Bank of America selling foreign credit-card units Bank of America selling foreign credit units Follow this company for an undisclosed price, the bank says.
08/11/11 Virtual Credit-Card Numbers: Extra Safety or False... Source: WalletPop With all the hackers in the headlines -- the Sony PlayStation hacking fiasco ( SNE ) in April, then Tuesday's threat to "kill" Facebook -- you might be starting to feel a bit more hesitant to offer up your sacred credit-card digits online.

Background on CreditCard

The Credit Card Accountability Responsibility and Disclosure Act of 2009 or Credit CARD Act of 2009 is a federal statute passed by the United States Congress and signed by President Barack Obama on May 22, 2009. It is comprehensive credit card reform legislation that aims "...to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan, and for other purposes." The bill was passed with bipartisan support by both the House of Representatives and the Senate.

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