Industry News

The Credit Card Accountability, Responsibility and Disclosure Act of 2009, of which most of the provisions take effect Feb. 22, will change the way that credit cards work.  In terms of billing and payment, the changes will set standards in areas such as timeframes, interest, and balances. 

Here are the things to look for: Read More

Credit card companies have dumped fees after charges on Haiti earthquake relief donations caused a shakeup.

Several credit card companies have waived their per-use fees, known as "transaction" fees, on Haiti relief donations made with their cards after a public spotlight was shone on the practice.The fees provide the issuer with a small maintenance charge each time a card is used. 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