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Fox News host Jesse Watters highlights how Congress tried to push through an expensive bill with several unfavorable provisions ... got caught trying to put $100 billion on our credit card. Show ...
This month, Congress will vote on a bill to eliminate almost all of the funding for popular credit card reward programs like cash back and travel points. This legislation would allow retailers to ...
New efforts by Congress and small business owners could change the way fees and rewards for consumers work. It could help one side and hurt another. Are credit card rewards at risk?
The Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 is a federal statute passed by the United States Congress and signed by U.S. President Barack Obama on May 22, 2009. It is a comprehensive credit card reform legislation that aims "to establish fair and transparent practices relating to the extension of credit under ...
The credit unions existed long before the scandal. However, the Office of the House Sergeant-at-Arms had offered a much more-convenient clearing house for Members of Congress' checks, and overdraft protection was managed in a much more lenient (and less expensive) manner than that by the credit unions or, for that matter, any chartered bank. [1]
In 1991 New York Senator Al D'Amato, a harsh critic of the credit-card industry, introduced a bill that would have capped credit card interest rates at 14% in response to a suggestion by President George H. W. Bush. His colleagues passed it overwhelmingly after half an hour of debate; the stock market fell, though the cause is disputed.
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The Fair Credit and Charge Card Disclosure Act (abbreviated as the FCCCDA) is an American consumer protection law that requires credit card companies and loan agencies to disclose any "fine print" about a loan or line of credit to the consumer. [1] This includes information about variable interest rates and fees. The FCCCDA was passed in 1988.