Coming Soon: Senate Version of ‘Credit Cardholders Bill of Rights’

Newly-minted Sen. Mark Udall (D-Col.), has scheduled a press call this afternoon to announce his plans to introduce legislation to end the abusive ... further than the Maloney/Udall bill to protect credit card users. Consumer advocates have been loud ... in December unveiled new restrictions on credit card issuers. Consumer groups and reform-minded [more...]

Date: 2009-01-14 17:30:01

Blog posts (31) | Videos (8)
 

The Credit-Wise Consumer

Louise M. Carwell is a senior attorney with Maryland Legal Aid Bureau in Baltimore, where she has practiced consumer law for more than 20 years ... cards to entice them. Sure, using your store credit card might get you an extra 20 percent off ... , specializes in the areas of credit, foreclosure prevention, consumer protection, and bankruptcy [more...]

Date: 2008-11-05 21:06:03

Wall Street Breakfast: Must-Know News

BoA to consumers: Feel free to sue... Bank of America ( BAC ) is dropping a requirement that forced consumers with disputes on credit cards or other accounts to enter into arbitration. The move, which comes as the government pushes for stronger consumer financial protection, is considered a win for consumers, as many faulted the arbitration process for being biased. Consumers will now be able to file lawsuits directly against the bank if they suspect unfair or illegal practices. [more...]

Date: 2009-08-14 11:15:44

Dems: New Credit Card Regs Are No Substitute for Legislation

After months of proposals, arguments, hearings and public comments, ... sooner to protect American consumers by giving credit card protections the permanence and force of law ... card practices that mire families in debt. Legislation is needed to stop abuses such as charging [more...]

Date: 2008-12-18 21:12:36

More Inactive Credit Cards Being Closed: Protect Your FICO Credit Score

If you haven’t heard already, several large credit card issuers (Chase, Washington Mutual, Citibank, Capital One, HSBC) ... . Some credit repair experts say it does, others disagree. However, if someone does a manual review ... are currently closing millions of consumers’ credit cards without prior warning due to inactivity [more...]

Date: 2009-01-07 11:48:09

Advanced HOW-TO Credit Repair Tips (2 OF 3)

If you have been denied new credit because of your existing bad credit and you want to know WHY your credit repair rights are legally protected then you will save time and money by reading further. Let’s start off by defining what the Fair Credit ... when preparing consumer reports on individuals.” Simply stated your credit repair rights are [more...]

Date: 2008-11-22 06:47:11

The Fed Gives Consumers an Early Christmas Present

Last week the Federal Reserve released some long awaited new credit card rules that will provide important new protections for consumers ... we could help consumers make better and more rational financial decisions without greatly inhibiting [more...]

Date: 2008-12-24 23:44:00

How to Get Credit Card Debt Collectors to Focus Their Energy Elsewhere

Most of those people who cannot afford to pay their monthly minimum credit card payment become potential victims of the consumer debt collection industry. However, a growing number of consumers have found a law to protect themselves against credit card debt collectors. [more...]

Date: 2009-09-26 12:39:41

How The FTC Helps To Protect Your Credit Repair Consumer Rights

The FTC or Federal Trade Commission works on behalf of consumers throughout the United States for more than 90 years. They gather and publish consumer information to educate and inform them. They also investigate consumer complaints of fraud and unfair business practices. [more...]

Date: 2009-09-28 14:01:14

Credit card crackdown coming soon!

The Fed is set to vote Thursday on a number of key protections for credit-card customers. Issue #1: America’s Money Crisis Oh Gee, Wow! ... to get out of the spiraling clinches of “Credit Card Hell” and take back your credit worth reputation. This is NOT– Debt Consolidation, Debt Settlement, Arbitration or Credit Consumer Counseling. Don’t even [more...]

Date: 2008-12-18 01:12:11

Brief Interview With a Visa Representative

You may have noticed a new sponsor lately. Yep it’s Visa ... to use as a credit card? Despite the popularity of debit cards, consumers are often confused ... of the same features and protections provided by their credit card are also offered with debit cards [more...]

Date: 2008-12-23 16:49:43

What are my Credit Rights?

Knowing your credit rights as a credit card holder will be your guide and protection against unlawful practices that may be committed by creditors and debt collectors. The Fair Credit Reporting Act (FCRA) has made distinct stipulations ... details or inaccurate information on your credit report. Notify a Consumer Reporting Agency [more...]

Date: 2008-12-22 06:55:21

Credit Repair Financial

There are Federal and State laws that regulate creditors and credit bureaus and protect consumers. We use these laws to help you attack your credit i 1 Vote(s) [more...]

Date: 2009-01-08 04:53:59

How to Eliminate Rising Credit Card Interest Rates

Beginning until July 2010, new credit card regulations become effective which are designed to protect consumers against arbitrary increases in interest rates and other unfair practices. There should be doubts however, if these new rules will really help at all. Why would these doubts exist? [more...]

Date: 2009-01-06 18:24:10

The Secrets Of How To Consolidate Debt

If you find yourself facing a mountain of monthly payments and see your outstanding loan balances hovering at the exact same amount for months or ... consolidation method is to transfer high-rate credit cards to a lower-rate card. However, consumers ... even years, you may be wondering how to consolidate debt in a way that protects your credit score [more...]

Date: 2009-01-15 01:32:23

Bankruptcy Laws

Bankruptcy Laws Significant changes in consumer bankruptcy laws took effect on October 17, 2005, ... chapter 7. Individuals that decide to pre-file, still have to complete the credit counseling ... with passage of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Before [more...]

Date: 2009-01-08 04:06:14

Your Guide to Do It Yourself Bad Credit Repair

by Landon McGehee With each day that passes, a poor credit rating will become more of an expense. Improving your credit score really does pay off ... Commission, which is the government agency responsible for protecting the rights of consumers, tells us in plain English, “Do yourself a favor and save some money. Don’t believe these statements.” This a [more...]

Date: 2008-11-05 11:51:44

Your Guide to Do It Yourself Bad Credit Repair

by Landon McGehee With each day that passes, a poor credit rating will become more of an expense. Improving your credit score really does pay off ... Commission, which is the government agency responsible for protecting the rights of consumers, tells us in plain English, “Do yourself a favor and save some money. Don’t believe these statements.” This a [more...]

Date: 2008-11-04 08:35:48

Foreclosures linked to 2005 Bankruptcy Reform law

For those readers not familiar with the Bankruptcy Abuse Prevention and Consumer Protection Act ("BAPCA"), prior to October of 2005, unsecured debt ( ... of their credit card debt, and that would free up income to pay the mortgage. The new law blocks that escape route and forces better-off household to continue paying credit card debt, which makes [more...]

Date: 2009-01-13 16:03:13

Nader: Obama might not protect consumers

Not since the 1960s, when seat belts became standard equipment in cars, has the atmosphere been so favorable for consumer-friendly reform ... have just elected a president who has promised to reform the credit card industry, bankruptcy law, and toy ... has received more campaign donations for his Senate campaigns from credit card issuers than any other [more...]

Date: 2008-11-07 10:00:00

Bogus and Scam Credit Counseling Groups Become Target Of Florida Legal System

TALLAHASSEE, FL - Attorney General Bill McCollum today unveiled his office’s latest consumer protection initiative in the form of a coordinated ... , all of which were purportedly offering debt relief services including credit counseling, credit repair, debt management, and credit card rate reduction services. “As more Floridians facing financial [more...]

Date: 2008-10-21 05:39:01

Obama Would Like All People Out of Credit-Card Debt – Legally Erase 50-60% of Your Past Due Debts

Are you plagued by your financial troubles? If so, how would you like to have your debt legally erased? You can! Little-known tactics along with consumer protection laws have enabled many Americans, just like you, to erase past due balances. The end result is a decrease in stress and an elimination of those past due balance letters from creditors.Last 5 posts by In the News - Sears Remodels US Army Veteran's Home - September 24th, 2009Don't Miss This Great VA Loan Benefit - No Penalty For Prepayment [more...]

Date: 2009-09-25 06:01:12

Free Credit Repair

Free Credit Repair Posted By Gary Antosh on @ 8:27 am by Landon McGehee With each day that passes, ... Commission, which is the government agency responsible for protecting the rights of consumers, tells ... This agency even claims that it is possible for anyone to improve their credit rating on their own, without [more...]

Date: 2008-10-23 13:27:00

I Guess Our Mortgage Is Officially Considered Small

As a follow up to the post I wrote a few days ago about the new consumer protection laws and the possibility that thrift stores would have to stop ... scores until now.  We went to the annual credit report site and picked Experian.  Credit scores were $5.95 each, and the credit report is free (we normally just get the free report).  We got my husband’ [more...]

Date: 2009-01-09 08:15:42

Consumer Groups Blast Banks' Card 'Tricks'

If credit cardholders feel worse off since the passage of the law designed to protect them from banks, that's because they are. An avalanche of new fees, interest rate hikes and other costly changes since the law was signed in May suggest the Credit Card Accountability, Responsibility and Disclosure Act, or the CARD Act, has backfired. [more...]

Date: 2009-09-29 19:40:03

Obama Want You Out of Credit Card Debt – Legally Erase 50-66% of Your Debts Now!

How would it feel to have your debt legally erased? There are little-known tactics and consumer protection laws that have enabled many Americans to erase their past due balances without having to worry about another demand letter from their creditors. [more...]

Date: 2009-09-20 06:02:31

MortgageNewsClips: On Risk Models, Dow Chart, Credit Cards and Colleges, OC Prices Off, Russian Socialism, David Merkel, Cram Downs, Buying Bonds, Bank Spreadsheet, Fannie and Indy, Mark Perry, Protect Me, 4 more, Ira 3-Fer

       Risk Modeling Section - models don’t always work! - 2 important articles: 1 ... Trap Unspoken Link Between Credit Cards and Colleges - JONATHAN D. GLATER - … Hundreds of colleges ... consumer debt —  the arrangements have sounded alarm bells, and some student groups are starting to push [more...]

Date: 2009-01-06 00:15:07

Identity Theft Protection

Identity Theft has become one of the biggest crime these days.It is becoming a big problem which can result in million dollars of damage each year ... Security Cards, bank accounts, credit card numbers, etc., a criminal will attempt to open up accounts ... one of us.We are all suffering because of this crime. ID Theft is nothing but a type of  consumer fr [more...]

Date: 2009-01-15 16:00:55

White House Hints At Veto Threat Of “Weak” Consumer Protection Bill

The White House on Tuesday suggested that President Obama would consider vetoing regulatory reform legislation if it did not include strong enough protections for consumers of credit cards, mortgages and other financial instruments. Press Secretary Robert Gibbs told reporters that there were "big" concerns inside the administration over reports that Congress was scaling back a key pillar of the president's approach to reform: the creation of a Consumer Financial Protection Agency (CFPA). An [more...]

Date: 2009-09-29 19:32:53

D. Other Publishers

A number of publications from non-Nolo publishers have a wealth of information beyond what is in this book. The Ultimate Credit Handbook, by Gerri Detweiler (Plume Books), covers everything you’d want to know about credit ratings, credit cards, completing credit applications, protecting your credit privacy and many other topics. Surviving Debt: A Guide for Consumers, by National Consumer Law Center. NCLC is a nonprofit organization that normally publishes books to assist lawyers. [more...]

Date: 2009-09-24 02:03:01

White House Hints At Veto Threat Of "Weak" Consumer Protection Bill

The White House on Tuesday suggested that President Obama would consider vetoing regulatory reform legislation if it did not include strong enough protections for consumers of credit cards, mortgages and other financial instruments. Press Secretary Robert Gibbs told reporters that there were "big" concerns inside the administration over reports that Congress was scaling back a key pillar of the president's approach to reform: the creation of a Consumer Financial Protection Agency (CFPA). [more...]

Date: 2009-09-29 19:32:53

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