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.
NOT SEEN ON T.V.: Plenty of cards look attractive on the surface with their bells and whistles but can end up costing you way too much in the end.
The Senate has reached a compromise in advance of President Obama’s credit card town hall this Thursday to limit the deceptive practices of credit card issuers.
Consumers behind on their credit-card payments could regain their older, lower interest rates if they pay their bills on time for six months, according to a compromise reached by lawmakers seeking changes in federal law governing the credit card industry.
With the new credit card bill of rights looming in the not-so-distant future, Cramer takes to task the effect this will have on the big players in the credit card industry.
It used to be easy to guess how many Americans would have problems paying their credit card bills. Banks just looked at unemployment: Fewer jobs meant more trouble ahead.
Putting himself on the side of fuming consumers, President Barack Obama is pushing Congress to send him legislation by Memorial Day that would put a tighter rein on the credit card industry.
Follow Kim, a blogger for Glamour.com, as she embarks on a goal to become financially independent and teach other young women to do the same.
No matter how badly you're being mistreated by the credit card companies, closing your accounts will only hurt your credit.
NOT SEEN ON T.V.: How to prepare for a fight with the credit-card company – and win.
It all depends on how long you are keeping a balance on the card, Carmen says.
Should you opt out of a credit card rate hike? Cardholders given the option to avoid an imminent rate increase face a number of options, each with pros and cons.
What to do if you're still being contacted by a collector about a debt that's past the statute of limitations.
NOT SEEN ON T.V.: John Ulzheimer reveals the top cards for frequent fliers.
Credit is not just a tool, it’s a product. And being a smart shopper of credit can be just as important as how you use it once you have it.