Starting today, credit card companies in most cases can't charge more than $25 for late payments. New rules could also mean lower interest rates for consumers.
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BING NEWS:
- Top stories of 2024: City's credit card program hit by abuse
In May, the Richmond Times-Dispatch reported that credit cards assigned to Registrar Keith Balmer and Deputy Registrar Jerry Richardson had been suspended after tens of thousands of dollars in questio ...
12/27/2024 - 8:00 pm | View Link - This Week In Credit Card News: CFPB Calls Out Some Illegal Card Practices
CFPB Calls on Other Enforcement Agencies to Address Bait-and-Switch Credit Card Rewards Practices ...
12/26/2024 - 6:33 am | View Link - New Junk Fees Rules to Take Effect in 2025
The new year will bring significant changes to Minnesota’s retail landscape. Effective January 1, 2025, the Minnesota Deceptive Trade Practices ...
12/24/2024 - 5:29 am | View Link - What is the 7-in-7 rule with credit card debt collectors?
Falling behind on your credit card payments is a tough issue to deal with on its own, but it can become even more overwhelming if debt collectors become part of the equation. When you're late or ...
12/23/2024 - 7:47 am | View Link - Today's Interest Rate Cut: How the Federal Reserve Affects Your Wallet
When the central bank "maestro" increases the federal funds rate, many banks tend to increase their interest rates. This can make the debt we're carrying more expensive (e.g., a 22% credit card APR vs ...
12/18/2024 - 6:49 am | View Link - More
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