May 12th, 2009 - ABC News
Congress is nearing completion of a bill that would place tough new restrictions on credit card companies and protect card holders from arbitrary rate hikes and other deceptive practices.
Bipartisan support for the bill has swelled and senators could vote this week on a "Bill of Rights" for owners of credit cards. The bill would force credit card companies to give consumers 60 days before changing a credit rating because of late payments and give consumers a path to reclaiming their old rate with six consecutive on-time payments.
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Rahm Emanuel's Tactics Adopted By GOP To Deliver 2010 'Thumpin"
May 14th, 2009 - The Huffington Post
Republicans are getting inspiration on how to rebuild their party in the U.S. Congress from an unlikely source: White House Chief of Staff Rahm Emanuel. California Representative Kevin McCarthy...
Geithner Urges Electronic OTC Derivatives Trading
May 13th, 2009 - Bloomberg
May 13 (Bloomberg) -- Treasury Secretary Timothy Geithnerproposed requiring increased transparency in the over-the-counter derivatives market by making prices available oncentralized computer platforms.
Bill of Rights for Credit Card Holders on the Way
May 9th, 2009 - ABC News
The federal government is taking up the fight against credit card companies accused of taking advantage of consumers. In taking aim at what he called "abuse that goes...
Pass the Credit Cardholders Bill of Rights
May 4th, 2009 - The Seattle Times
BANKS and the credit-card industry have no one to blame but themselves for the consumer-protection legislation working its way through Congress. The Senate is expected...
Credit card companies as evil villains? It's not that simple
May 3rd, 2009 - Los Angeles Times
Is there any business in the United States more vilified than credit card lending? The card companies stand accused by Congress and the Federal Reserve of gouging customers with impenetrable fees...
Related videos from YouTube:
2:37Your Credit Card Bill of Rights Kicks In Today
Austan Goolsbee of President Obama's Council of Economic Advisers talks about the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 - also known as the Credit Card Bill of Rights - which the President signed in May and which starts kicking in today ...
11:18President Obama Signs Major Credit Card Reform Bill
It can be difficult to think of an issue that touches more people, or can get a rise out of more people, than credit card fine print, fees, and staggering interest rate hikes. The President signs legislation to put an end to all that. May 22, 2009. (Public Domain)
9:18Credit Card User's Bill of Rights
Rep. Barney Frank talks to Rachel Maddow about the major changes Obama introduced to the regulations governing credit cards recently proposed in Congress. Executives from Bank of America Corp, American Express Co, Citigroup Inc ...
5:42Scott Garrett on the Credit Card Bill of Rights
Rep. Scott Garrett (R-NJ-05) and Rep. Emanuel Cleaver (D-MO-05) spoke on April 17, 2008, about a potential bill of rights for credit card holders.
