Nov 4th, 2009 - CNNMoney
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NEW YORK (CNNMoney.com) -- The House passed a bill Wednesday to move up the effective date for credit card reforms to Dec. 1, 2009, from from Feb. 22, 2010.
In May, President Obama signed into law a credit card reform act to crack down on the way issuers raise fees and interest rates. The reforms were scheduled to roll out in three parts over 12 months.
"Just in time for the holidays, Congress can lock in a ban on interest rate hikes on existing balances, and the tricks that have kept far too many consumers trapped in a never-ending cycle of debt," said bill co-sponsor Rep. Carolyn Maloney (D-N.Y.), in a statement issued late last month.
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This is the nut of a conundrum now before the U.S...House Votes to Move Up Credit-Card Law, Citing Bank Rate Hikes
Nov 4th, 2009 - Bloomberg
Nov. 4 (Bloomberg) -- The U.S. House voted to limit banks’rate increases on existing credit-card balances. The 331-92 vote today moves up the start date of manycredit-card rule changes under legislation that takes fulleffect next year...
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2:05Bank of America credit card interest rate to increase by May 1st 2009!
Hey guys, don't get screwed! Do you have a Bank of America credit card with a balance on it? If you do your interest rate is about to go up. You can call BofA before May 1st 2009 and opt-out of the ass rape you are about to receive. Number to call: 1-800-421-2110
2:09Credit Card Interest Rate Jump
As the economic crisis continues, credit card interest rates are rising dramatically for many consumers who may not even be aware of the increases. Mark Strassmann reports.
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3:08Lower Credit Card Interest Rates
www.pfadvice.com video blog explaining a simple way to lower your credit card interest rates
