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House Passes Credit Card Bill, Sending It to President

May. 20, 2009
The House today gave final approval to a bill that would prohibit credit card companies from arbritarily raising interest rates on existing balances and charging certain fees.
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U.S. House approves credit card bill

U.S. House approves credit card bill

WASHINGTON, May 20 (UPI) -- The U.S. House Wednesday overwhelmingly OK'd credit card reform legislation that would require plain contract language and notice of interest rate changes.
Gun provision added to credit card bill

Gun provision added to credit card bill

WASHINGTON, May 20 (UPI) -- Loaded and concealed weapons will be allowed inside U.S. national parks if the current version of a credit card reform measure gets to President Obama's desk.

House passes Credit Card Bill of Rights

WASHINGTON, May 1 (UPI) -- A bill aimed at protecting U.S. holders of credit cards from arbitrary interest rate hikes passed the House of Representatives 357-70 Thursday.

Credit card rates climb on bank losses

NEW YORK, April 28 (UPI) -- U.S. credit card companies are raising rates as banks try to make up for losses in other departments, financial experts said Monday.

Credit card companies face scrutiny

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.

Credit card penalty fees exceed 30 percent

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.

Barclays: Bad credit card is rising

NEW YORK, May 27 (UPI) -- Barclays PLC, Britain's third-largest bank, is warning that bad credit card debt is growing at an alarming rate.

Credit card use blossoms in Mexico

MEXICO CITY, March 3 (UPI) -- In the last four years, credit card use has grown 200 percent in Mexico, according to the Bank of Mexico.

S. Korean credit should rebound in 2005

SEOUL, Jan. 3 (UPI) -- South Korean credit card companies should return to profit in 2005, South Korea's Yonhap News Agency reports.
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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