Amidst the global credit crisis, a new report indicates that banks are increasing standards required before lending credit.  Higher credit scores are required to get a loan - and higher interest rates are required for repayment of the loan.
Read More: Wall Street Journal, Chicago Tribune.
Unfortunately, for all the Feds efforts to ease the credit crisis, [...]

The Christian Science Monitor has an article today about a second chance for subprime borrowers to establish good credit through debt collection company Genesis Financial Solutions credit card that provides normal interest rates on new debt and zero interest on old credit card debt.
This is an interesting manner of debt consolidation for credit card borrowers [...]

Here’s a few facts about credit card debt and credit card companies that I’ve collected:

Americans charged $2.2 trillion on credit cards last year - according to a CNN report in February.  Source: Milford Daily News.

The Nation’s Credit Card Debt is about $850 billion.  Source: KTVB.

Households that don’t pay their credit card bills in full every [...]

While researching a broader set of posts on the current congressional reforms I found this article from the Sun-Sentinel with tips on protecting yourself from credit card companies.

Keep 1 or 2 cards at low balances.
Consider credit cards with 0 percent introductory rates.
Limit the number of credit card accounts.
Charge only what you can pay off in [...]

This website has been in the planning stages for a few weeks now, but the Federal Reserve Board’s decision to issue proposals for new rules governing credit card company practices spurred me to get it set up before originally planned.  Over the next year, this website will examine the FRB proposed rules, proposals in Congress [...]