Blog Directory ID: 2547
Blog URL: http://www.creditcarddebtlaw.com
Google Pagerank: N/A
Blog Description: Follow current Federal Reserve and Congressional efforts to reform credit card industry practices, as well as other topics related to credit cards, personal debt, and the law.
Blog Category: Federal Law Blogs
Blog Owner: Rob Melton
Blog Added: May 11, 2008 01:54:36 AM
Audience Rating: General Audience
Blog Country: 
United States Number Hits: 7 |  Blog Rating: 0.00 |  Rate Blog: Submit rating |  Review Blog |
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Debt Counselor Dangers
The USA Today has an article about the dangers of paying for debt counseling through unreputable agencies that have, apparently, proliferated on the internet.
American culture has grown up with Get Rich Quick! schemes, and now that society is facing a severe debt problem, some believe that the solution is the Get Out of Debt Free! [...] Credit Card Companies To Cut Consumer Lines of Credit By 45 Percent
Analyst Meredith Whitney today predicted that credit card companies would cut open credit lines for American consumers by $2 trillion dollars over the next eighteen months. That’s 45 percent of the available credit for consumers. You can read more about her prediction at CNBC or Bloomberg.
It is unfortunate that credit card companies will be cutting [...] Tying Financial Bailout to Credit Card Reform
Over the past month, I’ve expressed both disappointment that the government is funding our credit card issuers and optimism that the financial institution bailout through TARP funds and credit asset securitization might be conditioned on reforms in the credit card industry.
The USA Today had an article on Friday titled Support for consumer lending could curb [...] Downtime
My apologies for the downtime over the Thanksgiving weekend. Credit Card Debt Law was the victim of a wordpress hacker who has hidden some drug spam on the single page posts and the archive pages. I’m working to fix it this weekend. Hope everyone had a happy thanksgiving!
Credit Card Issuers Face Possibility of Highest Losses Ever
I spent some time listening to the Congressional hearings concerning the auto bailout yesterday and it was interesting to hear the differences in expectations among the automakers for 2009. When asked to disclose the amount of money which each of the Big Three would need in order to bridge the gap to 2010 (although they [...] Discover Removes Cap on Balance Transfer Fee
Discover has apparently removed the cap on its balance transfer fee. According to a Los Angeles Times article on how credit card issuers are tightening credit standards and cutting credit limits, Discover Financial Services removed the cap on the maximum fee that it would charge for balance transfers on November 1st.
For those that aren’t familiar [...]
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