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Dollars and Sense

Aug. 21, 2009
On Friday, the first parts of the Credit Card Accountability, Responsibility and Disclosure Act went into effect. This affects most consumers in two ways. First, credit card issuers will be required to give cardholders 45 days' notice before changing interest...
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Obama signs credit card reforms

Obama signs credit card reforms

WASHINGTON, May 22 (UPI) -- U.S. President Barack Obama Friday signed a bill overhauling credit card rules, banning issuers from suddenly raising interest rates and charging hidden fees.

Senate strikes credit card bill compromise

WASHINGTON, May 12 (UPI) -- Top Senate Banking Committee members reached a compromise on a bill that would protect U.S. consumers from abusive credit card industry practices.

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WASHINGTON, Dec. 2 (UPI) -- U.S. credit card issuers are under pressure to change some profitable practices, like raising interest rates based on card-holders' other debts.

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NEW YORK, Aug. 11 (UPI) -- U.S. credit-card companies are charging record-high penalties to users who miss payments.

Credit card fees, penalties are climbing

WASHINGTON, July 29 (UPI) -- U.S. credit card issuers are hiking interest rates and late fees, especially for those whose cards have floating or variable rates.

Credit cards offering special rewards

WASHINGTON, July 10 (UPI) -- Low-interest offers for balance transfers of existing U.S. credit card balances are getting more attractive.

Barclays to enter U.S. credit card market

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Court OK's credit card fee listing

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Citigroup to buy Sears's credit-card unit

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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch