The Associated Press reported last week that the Federal Reserve and the Federal Trade Commission announced its consideration of regulations requiring credit card companies and others making loans to disclose to consumers when the lender is using the borrower’s poor credit history to justify an increase in interest rates.
The notice would not be [...]

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 [...]

Second Start proposed that families earning less than $30,000 a year should have access to lower interest rate credit cards than those earning over that amount?  This position seems to treat access to affordable credit as a right of all Americans.  What do you think?  In favor … or not …

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 [...]

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, [...]

David Kanis in an article in the Asheville Citizens Times believes that it is time to take a shot at renegotiating interest rates with credit card companies because the federal funds rate has fallen to 2 percent and the prime lending rate to 5 percent.  That would normally be correct - except that today’s tight [...]

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 [...]