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credit card
More than 8 million US consumers drop out of credit card useEILEEN AJ CONNELY Breitbart.com 11/29/2010 | Electronic pickpocketing puts your credit cards at riskPreston Rudie WTSP 11/25/2010 |
More than 8 million consumers stopped using credit cards over the past year. The decline stems from a combination of consumer choices and bank actions. |  If you had any doubt that someone could steal your credit card numbers by simply walking past you, a few minutes with Walt Augustinowicz will probably chance your mind. |
U.S. credit card agreements unreadable to 4 out of 5 adultsConnie Prater Credit Cards.com 07/22/2010 | US Banks Roll Out New Check, Card FeesROBIN SIDEL The Wall Street Journal 01/01/2010 |
 Credit card agreements are written on average at a 12th grade reading level, making them not understandable to four out of five adults, according to a CreditCards.com analysis of all the agreements offered by major card issuers in the United States. |  The nation's banks will be bombarding customers with new fees and products in 2010 as they try to replace more than $50 billion in revenue wiped out by new rules that clamp down on certain business practices. |
Consumer Reports Poll: Consumers Angry at Credit Card Companies; Citing Unfair Treatment When Closing Accounts Consumer Reports 10/05/2009 | Obama Signs Credit-Card Consumers’ ‘Bill of Rights’Jeff Plungis and Roger Runningen Bloomberg.com 05/23/2009 |
 Credit card holders are angry. More than a one-third (32%) have paid off and closed a card since January 2008, and half of those that canceled did so in direct response to the actions of credit-card issuers, such as cutting limits, hiking rates, or imposing fees, according to a national poll by Consumer Reports. |  President Barack Obama signed into law a credit-card consumers’ “Bill of Rights” that limits fees and curbs contract changes, saying it will give Americans “the strong and reliable protections they deserve.” |
With House Passage, Credit Card Bill Sent to President The Washington Post 05/21/2009 | Credit reform in cards: Senate passes bill forcing lenders to spell out everythingMichael Mcauliff New York Daily News 05/20/2009 |
 The House yesterday gave final approval to a bill that will prohibit credit card companies from arbitrarily raising interest rates on existing balances and charging certain fees. |  WASHINGTON - Credit card companies will still be able to hike their rates as high as they want, but at least they'll have to warn you first. That's after the Senate yesterday passed a credit card reform bill that forces card companies to tell customers precisely what they are charging, and bans tricky tactics inflicted on consumers lately. |
Obama Favors Limits on Credit Card FeesHELENE COOPER The New York Times 05/10/2009 | House Passes Significant Credit Card Regulation In Bipartisan VoteCaleb Gibson The Huffington Post 05/01/2009 |
 WASHINGTON — President Obama on Saturday called on Congress to pass a bill intended to stop credit card companies from imposing certain late fees. |  Roxana Araujo is a financial crimes investigator for Florida's Office of Financial Regulation. It's her job to sniff out unscrupulous lending practices and help ordinary families avoid being taken advantage of by financial institutions. So it must have been odd for her to find herself seated next to Treasury Secretary Tim Geithner, describing the confusion and frustration she felt trying to understand why the interest rates on two of her credit cards had been increased without warning. |
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