Comments on: The Federal Reserve Approves Sweeping Credit Card Reform http://www.doughroller.net/credit-cards/federal-reserve-approves-sweeping-credit-card-reform-121908/ Money Management and Personal Finance | The Dough Roller Sat, 21 Nov 2009 01:10:27 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Todd Marshall http://www.doughroller.net/credit-cards/federal-reserve-approves-sweeping-credit-card-reform-121908/comment-page-1/#comment-15240 Todd Marshall Thu, 01 Oct 2009 19:47:48 +0000 http://www.doughroller.net/?p=1457#comment-15240 Why does the Fed have anything to do with credit card regulations? They're just a private entity. Further, did you see anything in here addressing the practice of applying interest charges as new purchases (even when payments are made on time) and collecting a higher rate on them than for the balance transfer (at an enticing low rate) that is throwing them off? If there is anything deceptive, it is that! Why does the Fed have anything to do with credit card regulations? They’re just a private entity.

Further, did you see anything in here addressing the practice of applying interest charges as new purchases (even when payments are made on time) and collecting a higher rate on them than for the balance transfer (at an enticing low rate) that is throwing them off? If there is anything deceptive, it is that!

]]> By: President Obama Invites 14 Credit Card Issuers to the Woodshed | Credit Card Offers IQ http://www.doughroller.net/credit-cards/federal-reserve-approves-sweeping-credit-card-reform-121908/comment-page-1/#comment-11880 President Obama Invites 14 Credit Card Issuers to the Woodshed | Credit Card Offers IQ Sat, 18 Apr 2009 04:11:50 +0000 http://www.doughroller.net/?p=1457#comment-11880 [...] will help put this meeting in perspective. Back in December 2008, the Federal Reserve published new credit card regulations designed to protect consumers from what some view as predatory lending practices in the credit card [...] [...] will help put this meeting in perspective. Back in December 2008, the Federal Reserve published new credit card regulations designed to protect consumers from what some view as predatory lending practices in the credit card [...]

]]> By: gee van http://www.doughroller.net/credit-cards/federal-reserve-approves-sweeping-credit-card-reform-121908/comment-page-1/#comment-10899 gee van Mon, 26 Jan 2009 17:36:37 +0000 http://www.doughroller.net/?p=1457#comment-10899 i have a credit card loan with chase. the orignial terms wERE @ a fixed rate with no service charge until balance is paid in full. this last statement i was charged a $10.00 service charge. the customer service i contacted was rude. is there nothing that can be done to stop this charge? i have a credit card loan with chase. the orignial terms wERE @ a fixed rate with no service charge until balance is paid in full. this last statement i was charged a $10.00 service charge. the customer service i contacted was rude. is there nothing that can be done to stop this charge?

]]> By: Why Are My Credit Cards Being Canceled? | My Two Dollars http://www.doughroller.net/credit-cards/federal-reserve-approves-sweeping-credit-card-reform-121908/comment-page-1/#comment-10694 Why Are My Credit Cards Being Canceled? | My Two Dollars Wed, 07 Jan 2009 16:59:05 +0000 http://www.doughroller.net/?p=1457#comment-10694 [...] economy, credit card companies are changing interest rates at whim (at least until the new credit card laws go into effect…in July 2010. Way to go Federal Reserve, nothing but speed for you guys!), [...] [...] economy, credit card companies are changing interest rates at whim (at least until the new credit card laws go into effect…in July 2010. Way to go Federal Reserve, nothing but speed for you guys!), [...]

]]> By: DR http://www.doughroller.net/credit-cards/federal-reserve-approves-sweeping-credit-card-reform-121908/comment-page-1/#comment-10534 DR Fri, 26 Dec 2008 01:36:49 +0000 http://www.doughroller.net/?p=1457#comment-10534 This article was featured on the Carnival of Personal Finance: http://www.savingtoinvest.com/2008/12/massive-carnival-of-personal-finance.html This article was featured on the Carnival of Personal Finance: http://www.savingtoinvest.com/2008/12/massive-carnival-of-personal-finance.html

]]> By: Paul http://www.doughroller.net/credit-cards/federal-reserve-approves-sweeping-credit-card-reform-121908/comment-page-1/#comment-10485 Paul Tue, 23 Dec 2008 02:55:23 +0000 http://www.doughroller.net/?p=1457#comment-10485 This seems like a good bill for consumers, who are at the mercy of credit card issuers anyway. Why do credit card companies have the right to change terms whenever they like? They change the rules with impunity, and consumers' only recourse is to change companies. Yeah, right, like we can change $3000 credit balances anytime we please. And now our government is giving these same credit providers billions of dollars of our money so they can write off their bad loans. This seems like a good bill for consumers, who are at the mercy of credit card issuers anyway. Why do credit card companies have the right to change terms whenever they like? They change the rules with impunity, and consumers’ only recourse is to change companies. Yeah, right, like we can change $3000 credit balances anytime we please. And now our government is giving these same credit providers billions of dollars of our money so they can write off their bad loans.

]]> By: andy http://www.doughroller.net/credit-cards/federal-reserve-approves-sweeping-credit-card-reform-121908/comment-page-1/#comment-10469 andy Sun, 21 Dec 2008 12:35:46 +0000 http://www.doughroller.net/?p=1457#comment-10469 The above are good regulations for the consumer, but its ridiculous that it will take till 2010 to implement. Lot more damage could be done by then. The above are good regulations for the consumer, but its ridiculous that it will take till 2010 to implement. Lot more damage could be done by then.

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