Tag Archives: legislation
Coming Soon: New Rules to come for Credit Card “Fine Print”
Sweeping new restrictions on credit-card companies would ban extra fees and fluctuating rates and arm tens of millions of consumers with more information on their debt. Read the full article at WSJonline.com.
Congress Considering: Bill Proposed to Change Retirement Plan and Disclosure in favor of the Participant
6/23/2009 Introduced. This legislation amends the ERISA rules (that govern retirement plans) to keep the relationship between the employer and the plan provider at an arm’s length. It will provide special reporting and disclosure rules to make fee structures more transparent to the participants. The bill limits the services that can be offered, the types [...]
Recently Passed: Financial Literacy Month for All Americans
4/29/2009 Passed House without amendment. (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Supports the goals and ideals of Financial Literacy Month, including raising public awareness about financial education. Recognizes the importance of managing personal finances, increasing personal savings, and reducing personal debt in the [...]
Congress Considering: Bill Aims to Make Financial Literacy a Curriculum Goal
We are facing the worst financial crisis since the Great Depression, in large part because of irresponsible financial practices that led to the subprime mortgage market’s collapse. To help protect our families from future crises, we need to empower people to make intelligent financial decisions. The key is financial literacy education before students enter the [...]
