Senate passes credit card overhaul bill (AP via Yahoo! News)
Posted in Credit Card Debt, Loan Modifications by admin on May 19th, 2009
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The Senate voted overwhelmingly on Tuesday to rein in credit card rate increases and excessive fees, hoping to give voters some breathing room amid a recession that has left hundreds of thousands of Americans jobless or facing foreclosure.
Senate votes to limit credit card rate changes (USA Today)
The Senate approved a bill Tuesday to overhaul much-criticized credit card practices, putting the changes one step closer to being signed into law by President Obama.
A Consumer?s Guide to the New Credit Card Rules (New York Times)
A primer on the new restrictions that credit card companies face, and some reassurances on those rewards programs.
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