May 12th, 2009 - UPI
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WASHINGTON, May 12 (UPI) -- Top Senate Banking Committee members reached a compromise on a bill that would protect U.S. consumers from abusive credit card industry practices.The agreement increases the chances that the Senate will consider the legislation, possibly this week, The Washington Post reported Tuesday. The compromise was struck during the weekend between committee chairman, Sens. Christopher Dodd, D-Conn., and Richard Shelby, R-Ala., the committee's ranking Republican.
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US senator urges discount for retail cash payments
May 12th, 2009 - Reuters
WASHINGTON, May 12 (Reuters) - Democratic Senator RichardDurbin plans to introduce a measure allowing retail stores andrestaurants to offer discounts to customers who pay with cashinstead of a credit card.
Senators Cut Deal On Credit Card Bill Legislation Would Protect ...
May 11th, 2009 - Washington Post
The top senators on the Senate Banking Committee have reached a compromise on a bill that would protect consumers from abusive credit card industry practices, increasing the likelihood that the Senate will pass it as early as this week.
Bill would allow return to lower credit-card rates
May 11th, 2009 - Yahoo! News
WASHINGTON – Consumers behind on their credit-card payments could regain their older, lower interest rates if they pay their bills on time for six months, a compromise...
Senators cut deal on credit card bill
May 11th, 2009 - POLITICO
Senate Banking Committee Chairman Chris Dodd has struck a deal with his Republican counterpart on credit card legislation, clearing the way for the Senate to approve tough new rules for the industry. The compromise with Sen...
Senate approves broad bipartisan housing bill
May 6th, 2009 - MarketWatch
WASHINGTON (MarketWatch) -- Lawmakers on Wednesday approved a broad housing bill that would allow the Federal Deposit Insurance Corp. to temporarily borrow as much as $500 billion from the Treasury for the agency's deposit insurance fund.
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3:22Your Money: Guide to New Credit Card Rules - NYTimes.com
New York Times columnist Ron Lieber finds that there is some cause for concern in the sweeping credit card legislation that passed the Senate on Tuesday. Related Article: tinyurl.com
5:28Tester Urges Senate to Reform Credit Card Industry
Armed with personal stories from Montanans hurt by credit card companies, Senator Jon Tester urged his colleagues in Congress to reform the credit card industry. Tester, a member of the Senate Banking Committee, helped write the Credit Card Accountability Responsibility and Disclosure Act ...
1:31Senate Passes Credit Card Overhaul Bill
The Senate voted overwhelmingly to rein in credit card rate increases and excessive fees, hoping to give voters some financial breathing room. AP's Jerry Bodlander reports. (May 19)
2:02Senate Passes Credit Card Reform Bill
The Senate voted on Tuesday to prohibit credit card companies from arbitrarily raising a person's interest rate and charging many of the exorbitant fees that have become customary, and crippling, to cash-strapped consumers. (May 19)
