Articles tagged in CARD act

03.09.11

The CARD Act

Samantha Eckles

For millions of consumers, credit debt is a burden, as is dealing with credit companies. From rate hikes to hidden fees creditors have historically been in control. In 2009, President Obama signed the CARD Act, which established regulations for companies charging consumers. click to enlarge Use the code below to embed this Infographic: Source:The CARD Act

Comments 3

02.25.11

Americans Dumping Debt

Samantha Eckles

Americans have reduced their credit card debts significantly since the CARD Act became law in 2009. Credit card companies are now forced to refrain from adding any unnecessary penalties and excessive fees. Consumers are also protected from arbitrary interest increases and due date gimmicks. Here is how Americans have been dumping their debts since the CARD Act. click to enlarge

Comments 0

04.22.10

Demystifying Credit Cards and Consumer Debt

Stan Reybern

Here is a visual look at the credit card situation in America, which when paired with the poor economy and high unemployment rate, has arguably reached the crisis level.

Comments 2

03.23.10

10 Loopholes The CARD Act Didn’t Close

Stan Reybern

On February 22, 2010, credit card users received a much celebrated lift from the Credit Card Accountability Responsibility and Disclosure Act (or CARD Act.) The Act spelled an end to some of the more nefarious practices of banks and creditors

Comments 1

03.08.10

National Consumer Protection Week: This Week’s Money Saving Tip

anastasia

This week is National Consumer Protection Week, but the question remains: how will Americans participate?

Comments 0

02.22.10

New Credit Card Laws, This Week’s Money Saving Tip

anastasia

The Credit C.A.R.D Act of 2009 is now in effect, beginning Monday February 22. With the consumer protection it provides, the new rules are, “…shifting the balance of power back to the consumer and… holding the credit card companies responsible,” as President Obama said in a statement earlier this week. One C.A.R.D. Act rule in particular has the potential to

Comments 0