Credit Card Overhauls Seem Likely http://www.nytimes.com/2008/07/05/business/05cards.html Consumer advocates say regulation of the credit card industry has long been without teeth. But as card holders struggle under the weight of big balances, high interest rates and fees, their pleas to lawmakers for help may well mean that the industry will face some significant regulation by early next
http://www.safehaven.com:80/showarticle.cfm?id=10206&pv=1 May 09, 2008 The Ticking Credit Card Time Bomb by Peter Schiff o?< For those holding out hope that the American economy can miraculously avoid a long and deep recession consumer credit is often viewed as the wonder drug that can cure all manner of economic ills. As such, this week's report showing $15 billion growth in consumer
On Mar 15, 6:07 pm, Florida <demeter547op...@yahoo.com> wrote: http://www.washingtonindependent.com/view/gop-gags-consumers GOP Gags Witnesses on Credit Card Woes Partisan Maneuver Blocked Testimony on Fee Hikes By Mike Lillis 03/14/2008 | 8 Comments They came to the nation's capital this week from as far away as Denver, Chicago and Niagara Falls--five people who'd had tough
From today's WSJ: High-End Cards Fall From Grace Rising Delinquencies on Charges Lead Banks to Curb Generous Terms As Profits Look Shaky By ROBIN SIDEL AND DAVID ENRICH January 14, 2008 The luster on all those silver, gold and platinum credit cards is getting tarnished. For the past few years, banks that issue credit cards have aggressively wooed affluent customers with lavish
http://www.boston.com/business/articles/2007/12/23/unpaid_credit_cards_bedevil_americans/ Unpaid credit cards bedevil Americans By Rachel Konrad and Bob Porterfield Associated Press Writers / December 23, 2007 SAN FRANCISCO—Americans are falling behind on their credit card payments at an alarming rate, sending delinquencies and defaults surging by double-digit percentages in the last year
