CARD

Read Every Notice

June 22, 2010

(And….Climb every mountain, ford every stream….oops, sorry, I digress) With the CARD act securely in place you may believe that you are immune to rate increases on your credit cards. Nope. Not the case. The CARD act only states that you will be given “notice” of at least 45 days prior to a rate increase [...]

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Voice Your Opinion

March 18, 2010

The Federal Reserve wants to know what you as a consumer, think about the fees that lenders charge as penalties for late payments and other issues. The final phase of the CARD act, the part that deals with such things as late payment penalties will take effect this summer. Among the specific rules of the [...]

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Your Free Credit Report Is Not Free Everywhere

March 5, 2010

Another reminder here that the free credit report that you are entitled to by law is not free at the site that sings the jingles about freecreditreport.com on TV. The only place that you can get your free credit report is at Annualcreditreport.com. This is the only site that is authorized by the government to [...]

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Today Is The Day For CARD To Take Effect

February 22, 2010

The new credit card laws start to kick in today, February 22. You can now expect to see the potential bad news associated with your account on every statement. For example, the credit card companies must now tell you the awful truth of how much interest you will pay and how long it will take [...]

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CARD Deadline Fast Approaching

February 15, 2010

In just one week the CARD credit card reform act will take effect and while many may be expecting a friendlier credit card experience, consumers need to remember that the credit card companies they are dealing with are still the big corporations and they are still in the business to make a profit. Therefore, there [...]

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Final Rules For Credit Card Act

January 15, 2010

On Tuesday, January 12, 2010 the Federal Reserve Board approved the final rules amending Regulation Z also known as Truth in Lending in order to implement the provisions of CARD or the Credit Card Accountability Responsibility and Disclosure Act of 2009, which will become effective February 22, 2010. Some of the high points of CARD [...]

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Credit Card Antics And Just Desserts

December 15, 2009

Right now many of the credit card issuers are responding to the current economic climate and the impending CARD legislation taking place in February, by unexpectedly raising interest rates, lowering credit card limits and even canceling the cards of people who rarely use them. In short, they have been acting like spoiled brats doing anything [...]

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