Credit Card reform | FinReg21|Reforming Financial Services Regulation in the 21st Century

Power Player Profile: Carolyn Maloney

Friday 15 May 2009 | Managing Editor | 0 comments

Tenacious New York lawmaker lost her bid to replace Hillary Clinton in the Senate but is poised to achieve victory as the author of the Credit Cardholders Bill of Rights as it wends it way to the White House before Memorial Day.

Is there really a credit card crisis?

Friday 24 April 2009 17:52 | By David Evans, FinReg21 Editor in Chief | 0 comments

I don’t dispute that some card issuers engage in bad behavior and frankly there have been times when I’ve been furious. But there is a lot of market discipline for this; if you threaten to switch cards the issuers back off. Proponents of legislation point to anecdotes of bad behavior. There is, however, no systematic evidence that there is a credit card crisis.

Senators call for immediate implementation of Fed restrictions on credit cards

Thursday 23 April 2009 21:38 | Managing Editor | 1 comment

The Federal Reserve should use its emergency authority to help shield consumers from possible credit card abuses, just as it has intervened on an emergency basis to aid financial institutions, two leading Democratic senators said.

Obama to focus on credit card ‘abuses,’ aide says

Monday 20 April 2009 21:34 | Managing Editor | 0 comments

President Barack Obama will be focusing in the near future on credit card practices, White House economic adviser Larry Summers said, particularly what he termed “credit card abuses.”

Beating Up on Cards

Saturday 18 April 2009 13:58 | David Evans | 0 comments

Credit card issuers can be pretty annoying. They stuff our mailboxes and nickel and dime us with fees at every turn. Now, the financial crisis has breathed new life into credit card legislation. Here's the other side of the story for lawmakers to consider.