Media Coverage
Media Coverage
| Date | Media Coverage | Topic |
|---|---|---|
| May 15, 2009 |
''Credit Card Reform Confronts Multiple Consumer Complaints'' "Congress is expected to send credit card reform legislation to President Barack Obama for signing by the Memorial Day weekend." Source: The Tennessean |
|
| Apr 30, 2009 |
''About That New, 'Friendly' Consumer Contract'' "Out of the ashes of the financial crisis small flowers are beginning to bloom. One is an initiative in Washington—and among some companies—to curb ambiguous and sometimes abusive consumer contracts, especially in the credit-card industry. But before anyone celebrates the budding reforms, it's worth looking at how an earlier campaign to clean up customer agreements led right back to confusion and frustration." Source: Bloomberg Businessweek |
|
| Apr 24, 2009 |
''Credit-Card Shocks Anger More Borrowers'' "The Pew Charitable Trusts, in calling for a policy of Safe Credit Card Standards this week, said that 100% of cards allowed the issuer to get paid back in a manner which, according to the Federal Reserve, "is likely to cause substantial monetary damage to consumers," said Nick Bourke, a manager at the institution." Source: The Wall Street Journal |
|
| Apr 24, 2009 |
''Obama gets tough on abuses by credit card industry'' "Obama said that while credit cards are an important source of liquidity for consumers and small businesses, 'The days of any time, any reason rate hikes and late fee traps have to end.'" Source: USA Today |
|
| Apr 20, 2009 |
''Practices of Credit Card Companies Under Scrutiny'' "Executives of the nation's largest credit-card companies will meet with President Barack Obama at the White House on Thursday to discuss growing concerns about questionable practices in the industry." Source: The Miami Herald |
|
| Mar 31, 2009 |
''Congress Considers Limits on Credit Card Companies'' "Democrats in Congress are taking a swipe at credit card issuers and their increasingly creative reasons for raising fees on strapped consumers, sparking a well-financed duel over how to crack down on alleged abuses." Source: Philadelphia Inquirer |
|
| Mar 31, 2009 |
''The Moment for Credit Card Reform'' "We all know what an uphill battle reforming abusive credit card practices has been. As a twenty-five year veteran of that fight, I know it as well as anyone. But this morning, the Senate took a big step up that mountain." Source: Huffington Post |
|
| Mar 31, 2009 |
''New Study Cites 'unfair and deceptive' Credit Card Practices'' "A new report from the Pew Charitable Trusts details the extent of some of the “unfair and deceptive practices” by credit card companies." Source: The Washington Post |
|
| Mar 25, 2009 |
''New program encourages low-income L.A. residents to open bank accounts'' "Nearly 300,000 Los Angeles households do not have a bank account, more than in any other U.S. city, Mayor Antonio Villaraigosa acknowledged at a news briefing Tuesday." Source: Los Angeles Times |
|
| Jan 9, 2009 |
''Practical Benefits Drawing Bankers to Unbanked Effort'' "When San Francisco was establishing a program three years ago to move unbanked consumers into the financial mainstream, banks and credit unions signed on because "it was a good political opportunity to generate good will," said Matt Fellowes." Source: American Banker |
