Personal Finance Advice and Commentary

Monday, December 05, 2016 6:05 am
By Martha C. White ·

Credit card costs can add up. These strategies can bring down the price of plastic.

Tuesday, June 21, 2016 4:35 pm
By Mike Cetera ·

If you are a college graduate, you’re more likely to be offered a credit card with an annual fee and a higher initial interest rate than someone who didn’t finish high school.

Monday, April 16, 2012 5:28 pm
By Janna Herron ·

Hawaii is suing seven major banks and credit card issuers over products cardholders didn’t request or qualify for.

Friday, April 13, 2012 3:33 pm
By Janna Herron ·

The CFPB posted a proposal allowing card issuers to charge what they wish before an account is opened.

Friday, September 30, 2011 8:33 am
By Leslie McFadden ·

The law known as the Credit CARD Act implemented a number of restrictions on credit card fees. This week a federal judge stepped in to stall the effective date of one of those fee limits. A quick recap of events: One of the provisions in the Credit Card Accountability, Responsibility and Disclosure Act of 2009 limited

Tuesday, July 26, 2011 12:54 pm
By Janna Herron ·

Upfront credit card fees are stirring up emotions in South Dakota. Last week, First Premier Bank and Premier Bankcard of the Mount Rushmore State filed a lawsuit against the Federal Reserve Board and the newly opened Consumer Financial Protection Bureau. The suit says the central bank overstepped its authority when it ruled that upfront fees

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

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

Tuesday, January 25, 2011 1:21 pm
By Lucy Lazarony ·

Some major credit card issuers are eliminating penalty interest rates and easing off some credit card fees, according to a Jan. 22 article in The Wall Street Journal. Bank of America, Wells Fargo and Huntington Bank have stopped charging penalty interest rates on customers who pay late on their credit card bills. And Bank of

Thursday, December 09, 2010 11:15 am
By Lucy Lazarony ·

Thinking about transferring several thousands of credit card debt to a new card with a rock-bottom introductory rate? Consider your move carefully. Consolidating multiple credit card balances onto a single card with a super-low introductory rate can be a nifty financial move. But there are plenty of snags to watch out for. First off, you may

Wednesday, November 17, 2010 12:17 pm
By Lucy Lazarony ·

Worried about what will happen to your credit card debt if you are injured or unemployed? Payment protection plans offered by credit card companies promise to take all those worries away but for a hefty price. Some plans offer to pay your minimum monthly payments, suspend your minimum monthly payments or even cancel your minimum

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