Credit Cards Blog

Wednesday, March 2, 2011 2:17 pm
By Lucy Lazarony · Bankrate.com

On March 1, the Federal Reserve Board and the Federal Trade Commission proposed new regulations for meeting the credit score disclosure requirements put forth in the Dodd-Frank Wall Street Reform and Consumer Protection Act. According to this statute, credit card issuers and other lenders must disclose credit scores and related information to consumers in risk-based

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Tuesday, March 1, 2011 2:45 pm
By Lucy Lazarony · Bankrate.com

What is a strong credit score and what is the financial cost of a poor credit score? Most American consumers couldn’t answer those questions in a new national survey from the Consumer Federation of America. More than 1,000 Americans participated in the survey, which was administered by Opinion Research Corp. in late January. On the

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Monday, February 28, 2011 10:14 am
By Lucy Lazarony · Bankrate.com

Fewer Americans are falling behind on their credit card bills by 90 days or more. The national credit card delinquency rate decreased to 0.82 percent in the fourth quarter of 2010, a decline of almost 32 percent from 2009, according to quarterly report released by TransUnion, a national credit reporting agency. “From a delinquency perspective,

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Thursday, February 24, 2011 1:36 pm
By Lucy Lazarony · Bankrate.com

Bank of America will be charging a new $59 annual fee to about 5 percent of its credit card accounts in May, according to an article by the Associated Press. Whether or not a Bank of America credit card customer will be charged the new annual fee depends on a customer’s credit risk profile, AP

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Wednesday, February 23, 2011 10:45 am
By Lucy Lazarony · Bankrate.com

The passage of the Credit CARD Act of 2009 has been good for credit card shoppers, according to a new study by the Center for Responsible Lending. The CARD Act has reversed much of the unclear pricing on credit cards and credit card offers now advertise rates much closer to the actual rates charged to

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Tuesday, February 22, 2011 4:01 pm
By Leslie McFadden · Bankrate.com

One year ago, many provisions of the Credit Card Accountability, Responsibility and Disclosure Act of 2009 took effect. In conjunction with a conference marking its anniversary today, the Consumer Financial Protection Bureau, the new consumer watchdog agency created by the Dodd-Frank Wall Street Reform and Consumer Protection Act, released a report on the impact of the

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Monday, February 21, 2011 9:00 am
By Leslie McFadden · Bankrate.com

Ever paid a fee to make a payment on one of your credit cards? In years past, card issuers could charge a fee for the payment method used by the consumer. The Credit CARD Act, short for the Credit Card Accountability, Responsibility and Disclosure Act of 2009, seemingly banned most pay-to-pay fees, whether the consumer

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Thursday, February 17, 2011 2:56 pm
By Lucy Lazarony · Bankrate.com

Getting a credit card may get tougher for stay-at-home moms. A proposed rule from the Federal Reserve Board could prevent a stay-at-home mom without independent income from being approved for a credit card in her own name. According to the proposed rule, credit card issuers must consider a person’s independent income rather than household income

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Tuesday, February 15, 2011 3:22 pm
By Lucy Lazarony · Bankrate.com

When it comes to consumer credit card debt, some cities and states have been hit much harder than others. A study from Equifax, a national credit reporting agency, reveals that the top 50 metropolitan statistical areas with the heaviest credit card debt burdens are clustered in six states: California, Texas, Florida, Ohio, North Carolina and

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Monday, February 14, 2011 2:15 pm
By Lucy Lazarony · Bankrate.com

Are you being honest with your spouse about your spending and your credit cards? A nationwide survey conducted by CESI Debt Solutions, a nonprofit organization dedicated to debt-free living, found that 80 percent of married couples spent secret money and more than 18 percent had a secret credit card. Does your significant other know about

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