Relief is on the way – but at a price. Credit Cardholders’ Bill of Rights Act of 2009 The Credit Cardholders’ Bill of Rights Act of 2009 reached President Barack Obama after the House approved it on Wednesday. Once the President signs the bill, it will change how credit card companies operate. The law aims […]

New ‘hardship’ debt management plan created, with lower payments By Jeremy M. Simon Ten of the largest U.S. credit card issuers have agreed to help struggling customers repay their debt. The National Foundation for Credit Counseling (NFCC) announced this change. In 2008, the NFCC asked lenders to lower the cost of debt repayment programs. These […]