Okay, folks, here’s your chance. The Federal Reserve has opened a comment period for proposed new regulations of credit card lenders.
The Federal Reserve Board on Friday proposed rules to prohibit unfair practices regarding credit cards and overdraft services that would, among other provisions, protect consumers from unexpected increases in the rate charged on pre-existing [...]

Credit card companies, like most of those in the world of banking and finance, are feeling the pinch of the current credit crunch. They are seeing higher default rates, and they feel the need to manage the risk of further, even higher, defaults. One of the ways they do that is to raise [...]

Every time I think I’ve heard of every kind of credit scam, I turn out to be wrong. In preparing a bankruptcy filing, I asked a client about any payments he had recently made to creditors.
It turns out my client had made a large, lump sum payment to a credit card company, and he [...]

Believe it or not, some employers are making available a product that provides employees with a debit card that accesses the employee’s 401k plan. On Street.com, Simone Baribeau says it all in one sentence:
Borrowing against your nest egg is becoming as easy as stopping at an ATM.
In a word, no. In fact, [...]