credit card reform


 

Q: Do gift cards have an expiration date and can I extend the date if there is one? A: If you have a gift card – perhaps something a card you received during the holidays or as a birthday gift – and you’re worried about it expiring, there’s no need to worry.   Thanks to […]


 

Sometimes, one easy phone call is all it takes to get the interest rate on a credit card lowered. However, many people are reluctant to make that call, because they mistakenly believe that creditors won’t be willing to negotiate. Even amid the credit crunch, however, banks and other credit card issuers are willing to consider […]


 

Consumers scored a big win in 2009, when President Barack Obama signed the Credit CARD Act, which consumer advocates say will stop or prevent unfair or deceptive lending practices by banks and credit card issuers. The law is formally called the Credit Card Accountability, Responsibility and Disclosure Act. Key Parts of Credit Card Reform In […]


 

Starting today, big changes will impact you and your credit cards, thanks to the credit card reform legislation that President Obama signed into law earlier this year. The goal of credit card reform was to stop or prevent unfair or deceptive lending practices by banks and credit card issuers. The two provisions of the legislation […]