The Credit Card legislation passed last month should ultimately help consumers. However, in the short term, many people are being squeezed. We have a combination of factors: banks attempting to shore up their financial statements by reducing the available credit on credit cards, home equity … [Read more...]
New credit card law provisions
The key provisions of the credit card law that Obama signed last Friday, May 22 are below. But first, my two cents ... I've heard a lot of talk about how these changes might make it more difficult to get credit and could result in higher fees in general and annual fees in particular for people … [Read more...]