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Monthly Archive for December, 2009

From the July 2009 Issue of Money Magazine Page 18 Congress enacted the Credit Card Accountability Responsibility, and Disclosure Act in May. The law curbs egregious practices like 14-day payment windows and retroactive rate hikes. The new regulations are progress, but they don’t go far enough. Blame the powerful banking lobby, which succeeded in watering [...]

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Dodge Rising Credit Card Fees

From July 2009 Issue of Money Magazine Page 15 Earlier this year President Obama signed off on credit card reforms. The Card issuers aren’t happy. They’re doing everything they can do make money off you before the regulations kick in in February of 2010. What you’re getting socked with- Up to 3% extra for foreign [...]

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