The Pew Safe Credit Cards Project submitted comments to the Federal Reserve Board in regard to rulemaking under the Credit CARD Act of 2009. These comments focused specifically on the law’s requirement that penalty fees and charges must be reasonable and proportional to related cardholder omissions or violations. In addition to providing data from Pew’s research on current use of penalties in the credit card market, Pew made several key recommendations regarding the Board’s rulemaking effort.
Download the full PDF for more information.
"Direct mail offers are flowing for business credit cards, many with attractive promotional interest rates and balance transfer deals...while there are many reasons to open an account, there can be substantial risks involved."
More infoThis fact sheet focuses on the lessons learned from consumers who purchase and use prepaid debit cards.
More info"Something is wrong when keeping cash in the kitchen cookie jar seems a reasonable substitute for your bank.''
More info"It was early 2007, and Michael Roster and Dwane Krumme each viewed the credit card industry with growing dismay."
More info''More small companies—already struggling with weak sales and tight lending—are being forced to rely on business credit cards to provide working capital.''
More infoCopyright(c) 1996-2012 The Pew Charitable Trusts. All Rights Reserved.
[+] Feedback PHG.PRODUCTION.1.20130703.1022 (PEWSUWVMWAPP01)
