John Ulzheimer answers one of the many who are seeing their terms changed abruptly.
The credit card reform bill, which passed through Congress Wednesday and is expected to be signed into law by President Barack Obama Friday, will serve as a "warning light" to credit card companies that they can no longer take advantage of consumers, Rep. Paul Kanjorski, D—Pa., said.
The head of the Securities and Exchange Commission is objecting to a plan being considered by the Obama administration to create a new financial watchdog to protect consumers.
The bill is expected to be signed into law by the President in the next few days.
A panel of President Barack Obama's economic advisors stepped into the public view on Wednesday at a meeting to discuss energy issues and job creation.
If you think the agreement you sign when you open a credit card is a contract, you are sorely mistaken.
NOT SEEN ON T.V.: The three worst things about going into collections.
As if kids needed another way to hit up their parents for cash, a San Diego company is launching a new payment service called "BillMyParents" to make it easier for kids to shop online.
The House is expected to approve the legislation later this week and then send it on to the President so he can sign it into law.
Congress is moving to limit the penalties on riskier credit card users, and to make up for lost income, the card companies are going after those people with sterling credit, the New York Times reports.
Beware any website that says they can reduce your debt to zero by suing your creditors.
Chris Lardner had her interest rate tripled after a payment accidentally charged to her card took her over her credit limit.
NOT SEEN ON T.V.: There are certain things every credit cardholder must know to make informed decisions about their use of credit.
It is calculated only at moment in which your file is being pulled, says John Ulzheimer.
With President Obama banging the drum for legislation to sign into law, the Senate is under some pressure to vote on its reform measures as soon as possible.
Though the ability of credit card companies to treat us like loan sharks has always been there, only now as they get squeezed are we seeing the true colors of these agreements we sign.
Bank fees are up there with credit card agreements in the pantheon of egregiously detestable conduct consumers have to put up with for the pleasure of setting up a checking account.
Plus, Cramer talks tech, restaurants, retail, IPOs and more.
A vote on the legislation, which some hoped for today, is now not likely until early next week.
Just seeing the amount of your liabilities can instill a "Why try? I'll never pay it all off" despair. Implement the following techniques to kick apathy out of your life and inspire you to keep your eyes on the prize.