Credit Cardholders Bill of Rights (HR 5244) Passes the House!

Now it’s on to the Senate, which will vote to enact this much needed legislation to ramp up consumer protection against predatory practices such as:

Increasing credit account interest rates for cardholders based on information in their credit reports from other accounts
Double-cycle billing
Unrestricted imposition of overlimit fees
And more.

To read the full text of the bill, [...]

American Lives Ruined by Credit Card Practices

CNN is joining the growing assortment of public news sources beginning — finally! — to pay attention to the damage done to the middle class family by credit card practices.
In the article “When credit cards put you in jeopardy,” the overused “Americans are drowning in credit card debt” is the opening line. But we’re finally [...]