Obama’s Credit Plan

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 [...]

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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 [...]

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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 [...]

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Well – this was one of the fastest pieces of legislation to make it through DC in years! Today, President Obama signed the Credit Card Consumers Bill of Rights, aka the Obama Credit Plan as I lie to call it, into law!
Head ovr to the Bloomburg site to read the full story.

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As mentioned yesterday, this site is still fresh off the presses and one of the first things I wanted to get live, is the new Obama Credit Plan, also known as the 2009 Credit Card Consumer Bill of Rights. I grabbed the following information from the MSNBC news site a few hours ago…
Obama Credit Card [...]

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