Tag Archives: Credit Card Reform Act
Two examples of why financial literacy may be even more important now
These two articles about the aftermath of the recently enacted credit card rules demonstrate the shortcomings and unintended consequences of financial regulation and the need for financial literacy. The first article shows how credit card companies are instituting new fees to replace the ones that are now illegal and finding clever ways to trick borrowers [...]
Congress Considering: Congress to Speed up Credit Card Law
Both consumers and credit card customers scratched their heads over the timing of the Credit Card Reform Act – it doesn’t kick in until February 2010. Why the delay? Nobody seems to know for sure. Now, Congress is revisiting the issue – and is exploring the notion of triggering the new law in December. Read [...]
