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Tag Archives: Legislation

More Penalties for Young, Responsible Borrowers

June 22, 2009 – 11:31 am

We’ve covered before how new credit laws mean tighter restrictions regarding who qualifies for a credit card, and how people with sterling credit scores could face higher fees under the new regulations. As it turns out, there’s another wrinkle in the law books that gives young people a truly bum deal.
Under the new law, if [...]

Posted in Credit, Economy, Education, Financial Illiteracy, Personal Finance, Students | Also tagged , , , | Comments (1)

Dodd Credit Card Reform Bill Close To Passage

May 12, 2009 – 4:43 pm

A credit card can be a convenient way to manage your expenses, or an expensive way to rack up debt and exorbitant fees. If the U.S. Senate passes the credit card reform bill it’s considering this week, that could change. The bill would overhaul a lot of the regulations governing credit card agreements, and has [...]

Posted in Credit, Featured Posts, Government Policy, Legislation | Also tagged , , , , , | Comments (2)

Senate Banking Committee Chair Introduces Credit Card Protection Bill

February 16, 2009 – 4:28 pm

Sens. Chris Dodd (D-CT) and Carl Levin (D-MI) today introduced a new bill to help shield credit card holders from exorbitant fees and penalty interest rates. The legislation would, amongst other things, restrict credit card companies from charging customers for snail mail or telephone payments, institute a number of restrictions on how card issuers can [...]

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