Archive for the ‘Legislation’ Category
New credit card reform laws are going into effect in February of 2010 to provide more consumer protection. The reform was put in place to deal with what were some abusive practices of interest rate hikes and fees.
You may recall a post from Pete earlier this year in which he talked specifically about the changes the credit card act will bring forth. To name a few, it will include consumer friendly regulations around unfair interest rate hikes, unnecessary fees, fairness in timing of payments and enhanced disclosure of terms.
Related Websites -
Zero Interest Faux Pas Not a major Faux Pas, but one that can cost you if you are playing the float on zero interest credit card loans. For those of you not familiar with this, let me start with a description of what I am discussing. Despite the state of the economy and credit...... -
Still more on Missed Fortune 101 Wow. The response to my posts on Douglas Andrew's Missed Fortune 101 continues to be lively. Just got a comment about it through e-mail today, in fact. This discussion has taken on a life of its own in some ways. On the main post people's opinions of my comments have......


