Friday, February 12th, 2010 at 3:36 am
A rate freeze applies during the first year after account opening, except under four circumstances. Expiration of a promotional rate is one such situation. Promotional rates, if offered, have to span at least six months, but after that can increase to the higher rate disclosed in the agreement.
Wednesday, November 25th, 2009 at 1:35 pm
Should Congress speed up the credit card reform legislation that they passed earlier this year?
Thursday, November 19th, 2009 at 10:51 am
Dodd went to the Senate floor to ask for consent for the Senate to take up and pass his Credit Card Rate Freeze Act, which would prevent credit card companies from hiking interest rates, fees and finance charges on customers existing balances until Credit CARD Act protections take effect in February. GOB Blocked it.
Monday, October 26th, 2009 at 11:29 am
Rollover USA-401K Rollover to IRA is a post from: Rollover USA-401K Rollover to IRA One of the unintended consequences of the Credit CARD Act passed in May was that credit card issuers have been rushing to tinker with terms before the February deadline. Consumers are getting the shaft on this as credit card issuers take this chance to jack up interest rates and add fees just because they can. At this point, across the board increases to fees and rates has almost nothing to do with an account
