A bill was introduced in the House of Representatives on Tuesday which would put further limitations on overdraft fees on checking accounts. Democrat Carolyn Maloney introduced the "Overdraft Protection Act" bill that would require overdraft fees be "reasonable and proportional" to … Continue reading
The fiscal cliff is getting closer to becoming a reality. The members of Congress and President Obama still seem far apart. Statistics and projections show the painful consequences with tax increases for many consumers. Higher tax payments will be bad … Continue reading
Credit card receipts are printed with every swipe of a credit card. They fill up wallets, purses and car consoles, and are used as scratch paper and bookmarks. It is easy to become careless with these small, but important, strips … Continue reading
A new report released today from the Government Accountability Institute shows that nearly half the members of Congress do not require consumers to give their CVV number when making online credit card donations to their political campaigns. The Card Verification … Continue reading
In its first 14 months of operation, the Consumer Financial Protection Bureau has not received as many credit card complaints as it anticipated. Yesterday, the director of the CFPB, Richard Cordray, presented his semi-annual report. He told Congress, "We have … Continue reading