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Tag Archives: Legislation

Economists Sound Off on Daylight Savings Time

March 12, 2010 – 5:49 pm

When you’re resetting the time on everything from your wristwatch to your microwave on Sunday morning, you may pause to wonder: Why am I doing this? Daylight saving time (DST) was the brainchild of founding father Benjamin Franklin as a way to conserve lamp oil in the salons of Paris. More recently, the Energy Policy Act [...]

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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, [...]

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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 [...]

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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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