Senator Dodd, Chairman of the Senate Banking Committee, reintroduced the Credit Card Accountability, Responsibility and Disclosure Act into the U.S. Senate this week.  Although some of the provisions are similar to the Federal Reserve regulations which will be implemented in July 2010, there are additional provisions in the bill as currently drafted which make it [...]

Suze Orman weighed in this weekend on the proposed credit card reforms of Congress and the Federal Reserve, calling them “better late than never.” Orman explains some of the key measures in both the Federal Reserve protections and the Credit Card Accountability, Responsibility and Disclosure Act, as well as makes a few additional suggestions. [...]

What are the odds for passage of one of the Congressional credit card reform bills?
Roderick Hills, professor of public law at NYU, told TheStreet.com that although Republicans would work hard to water down the CARD Act, they are less likely to filibuster in an election year after credit cards and banking have been in the [...]