New credit card rules go into effect today:
Showing posts with label credit card reform. Show all posts
Showing posts with label credit card reform. Show all posts
Monday, February 22, 2010
Friday, May 22, 2009
Tuesday, May 19, 2009
Senate Passes Credit Card Reform Bill
Next, reconciling House and Senate bills:
The Senate today overwhelmingly passed a bill that would sharply curtail credit card issuers' ability to raise interest rates and charge fees, taking a critical step in reforming an industry that has gone largely unregulated for decades.
In a 90-5 vote, the Senate delivered a victory to consumer groups and to the White House, who blame industry practices for sending Americans deeper into debt just as they are losing their jobs and their homes.
Lawmakers will now turn to reconciling differences with a similar bill passed by the House on April 30. President Obama has said he wants to sign a bill into law by Memorial Day. WaPo
Apparently, the senate bill has a string attached.
Saturday, May 09, 2009
Obama Wants Credit Card Reform By Memorial Day
In Obama's weekly address, he says you shouldn't have to read a credit card application with a magnifying glass:
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