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Sunday, February 28, 2010

New Credit Card Pitfalls to watch out for

With the new credit card regulations in place card issuers have come up with more practices that are unfavorable for consumers. SmartMoney.com Senior Consumer Reporter Kelli Grant tells us about five new tricks cardholders need to watch out for.



Thursday, February 25, 2010

What you should know about the New Credit Card Act

New Credit-Card Rules Will Protect Consumers ?


Feb. 22 (Bloomberg) -- Richard Shane, an analyst at Jefferies & Co., talks with Bloomberg's Julie Hyman and Mark Crumpton about the possible impact of new U.S. credit-card rules that take effect today on card issuers and consumers. (Source: Bloomberg)



Tuesday, February 23, 2010

Credit Card interest rates hit a 12-year high

Credit Card Crisis

NICK MCDERMOTT
Daily Mail
February 16, 2010

Credit card interest rates have climbed to a 12-year high, leaving millions facing crippling repayments on their debts.

Despite historically low Bank of England base rates, the average interest charged on a credit card has soared to 18.8 per cent – the highest level since 1998.

Some consumers now paying more than 40 per cent on the cash they have borrowed.

This means that credit card borrowers with a debt of £5,000 on their card – who make only the minimum repayment each month – will now repay an additional £2,289 over the life of the debt compared with what they would have paid four years ago.

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Will New Credit Card Laws Help Consumers?

Credit.coms John Ulzheimer on whether new credit-card practices will benefit the American population.

Monday, February 22, 2010

New Credit-Card Rules May Mean Lost Revenue for Banks

Feb. 22 (Bloomberg) -- Bloomberg's Monica Bertran reports on new credit-card rules that take effect today and their potential impact on card issuers. (Source: Bloomberg)



Credit Cards New Rules Take Effect

FBN's Sandra Smith breaks down how the new credit card rules will impact consumers.



Wednesday, February 10, 2010

Thursday, February 4, 2010

Mastercard Selander Discusses Company Growth

Feb. 4 (Bloomberg) -- Robert Selander, chief executive officer of Mastercard Inc., talks with Bloomberg Television about the outlook for company growth. (This report is an excerpt. Source: Bloomberg)