Archive for the 'Credit Card Interest Rate Act' Category

Other Credit Card Reform Proposals in Congress

The San Diego Union-Tribune has a list of a few other measures under consideration by Congress in its deliberations over credit card reform.
The measures include:

Restrictions on marketing to college students and those under 21 years of age.
7 percent limit on penalty interest rate increases.
Ban on fees for paying by phone or when using the internet.

Proposals [...]

Fair and Justifiable Credit Card Interest Rate Act of 2008

The Credit Card Companies had better watch out - the floodgates have opened and they are standing in the river bed.
The Fair and Justifiable Credit Card Interest Rate Act of 2008 was introduced into the House of Representatives today. Arguing that the Federal Reserve proposal is a good first step but doesn’t go nearly [...]