30 percent interest for late payments at Bank of America
Watch out for default interest rates. Despite new rules, credit card issuers like Bank of America will still raise rates sky high.
Wednesday, April 27th, 2011 by By Peter Stone
Last round of new credit card rules limit late payment fees
The final new credit card rules enacted Sunday protect credit card users from excessive late fees and unreasonable interest rate increases.
Monday, August 23rd, 2010 by By Thomas Hart
Capital One sued once again for deceptive interest rate increases
The Capital One class action lawsuit, revived on appeal, accuses the credit card company of deceptive lending and unfair competition. READ ON....
Friday, July 23rd, 2010 by By Thomas Hart
How Can Your Credit Score Be Saved With Something As Simple As A Payday Loan?
Millions of people every year fall short on various bills and lose credit points. Payday loans are a no credit check option that can ease the pain.
Personal finance savvy rising, but high credit card debt persists
Knowledge about personal finance is increasing, but high credit card debt shows hard lessons learned during the recession are being ignored.
Friday, June 25th, 2010 by By Thomas Hart
New Federal Reserve credit card rules beef up consumer protection
New credit card rules add consumer protections to the 2009 credit card law including penalty fee limits and re-evaluation of interest rates.
Tuesday, June 22nd, 2010 by By Thomas Hart
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