Nine long months ago, President Obama signed into law the Credit CARD Act, which is set to have a profound affect on the credit industry. Gone are those classic practices such as “any time for any reason” increases on balances. Gone will be late bill mailings or sunday due dates or any of the other [...]
Entries Tagged as 'Adverse Effects'
New Credit Card Rules Start Monday, But You Can Still Get Screwed
No Comments · Adverse Effects, The Credit Plan
Tags: APRs·Credit CARD Act·minimum balances
Take this Credit Card and Shove It! Time for a CitiScrew!
1 Comment · Adverse Effects, The Credit Plan
Are you one of the MILLIONS of Americans that got one of the lovely credit card rate increase notices from Citibank this week? It seems that Citibank is not the only credit card company thats re-evaluating its entire customer base and raising rates, my wife told me that American Express raised the rates and dropped [...]
Tags: citigroup·credit crisis·rate increases
10 Things to Protect Consumers in the Obama Credit Card Reform Bill
No Comments · Adverse Effects, The Credit Plan
Depending on who you ask, the new Obama Credit Card Reform bill of rights is both good and bad for consumers! In this post, i will list 10 of the GOOD things about the reform bill! In a future post this week… the bad!
10 Benefits of the Credit Card Reform Act
Timely Limits on Rate Increases!
Creditors [...]
Tags: credit card reform·obama credit reform·The Credit Plan