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Responding to consumer frustration over rising credit card rates, the House on Wednesday approved legislation to accelerate the implementation of new laws to crack down on abusive practices by credit card companies to December 1. The House voted 331-92...
Tags: credit card, House, card rules, card reform, card rate, card companies, house votes
In the case of the Credit Card Act of 2009 it's become a national controversy. This law, signed by President Barack Obama on May 9, is scheduled to be fully effective on Feb. 22, 2010. Consumers and their advocates say that nine-month lag is costing Americans...
Tags: credit card, card rate
The Federal Reserve's getting ready to launch a new program that should make it easier for consumers to get credit-card and auto loans -- though not necessarily at lower interest rates. The availability of loans would by come about via reviving the moribund...
Tags: Federal Reserve, card rate, credit card
The Bank of New Zealand has raised its variable home loan rates, due to the rising cost of short-term funding. Variable interest rates will go up by 14 basis points to 10.69 per cent per annum, and selected credit card rates will rise by 100bps
Tags: BNZ, credit card, card rate