fees

The Federal Reserve issued final rules for gift cards March 23, providing guidelines for how long a customer has to spend the money before a card expires.  Read More

Fresh off the implementation of new rules for credit card companies, the Federal Reserve has proposed a new round of rules to govern the industry.

The new proposals, announced March 3, 2010, would further restrict the billing practices of credit card companies and protect the interests of consumers. The proposed measures would: Read More

The Attorney General of the State of Connecticut is asking the Federal Reserve to roll back fees placed on consumers since the passage of the Credit Card Accountability, Responsibility and Disclosure Act (CARD Act).

Since this credit card reform legislation passed in May 2009, some consumers have seen their interest rates and fees on their credit accounts. Read More