Articles tagged in reforms

11.11.09

More Consumer Protection on the Way: The Creation of the Consumer Financial Protection Agency

Angelica Nierras

It turns out that the Credit CARD Act of 2009 – a series of reforms in the credit card industry aimed at eliminating or mitigating unfair and abusive practices – was only the initial salvo of a legislative campaign aimed at benefiting consumers. At this point in the economic recession, just about everyone agrees that our financial regulatory system needs

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05.19.09

Details: Credit Card Accountability Responsibility and Disclosure Act of 2009

BillShrink Guy

With an exciting and attention grabbing name as titled above, how can you ignore the Senate’s Credit Card Accountability Responsibility and Disclosure Act of 2009? (Also known as The Credit C.A.R.D Act of 2009. I know, super original). “But wait, BillShrink Guy,” you ask, “Didn’t the Fed just pass new credit card regulation last year? And didn’t the House just

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05.06.09

Credit Card Reform: Is Your Credit Card Still Sucker-Punching You?

David Tu

Left: Credit Card Companies. Right: You. Is your credit card still giving you the occasional surprising right-hook? A couple of months ago, the Federal Reserve Board, the Office of Thrift Supervision and the National Credit Union passed a credit cardholders “Bill of Rights” that’s aimed to further protect you from unfair practices by credit card companies. These rules are expected

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12.17.08

8 New Credit Card Reform Rules You Should Know

David Tu

The Federal Reserve Board, the Office of Thrift Supervision and the National Credit Union Administration will vote tomorrow on a set of new credit card regulation reform, which will dramatically change the relationship between you, the cardholder, and your credit card issuers.  These new credit card regulation reforms are expected to take effect by 2010, and many of these new

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