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by Bill Hardekopf A new report shows consumers paid $17.8 billion in penalty fees on their credit cards last year, an 8 percent decline from the $19.4 billion in 2011. According to the R.K. Hammer Card Penalty Fee Index, fees have fallen for three consecutive...
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by Bill Hardekopf Over the past four years, Congress and the Federal Reserve have passed and enacted many rules that changed the credit card industry. While the CARD Act and other reforms have received the headlines, the judicial branch has quietly left...
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by Bill Hardekopf This past year was a very eventful one in the debit and credit card industry. Here is a review of the top ten stories of 2011: 1. Debit Card Interchange Fee The government regulation of the debit card interchange fee was the most controversial...
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by Bill Hardekopf December and January are the biggest months of the year for credit card applications. This is the time that consumers look for cards with better rewards or cards with lower rates to get their finances in shape. However, new federal regulations...
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by Bill Hardekopf The Federal Reserve announced recently that it is keeping interest rates at a record low for the next two years. It hopes that extending low rates for a predictable period will stimulate both borrowing and spending, thus providing a...
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by Bill Hardekopf On 11/29/10, the Kardashian prepaid debit card was abruptly pulled from the market by the issuer due to poor sales, negative publicity and high fees. But the Kardashians were not the only "celebrities" being used to promote...
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by Bill Hardekopf The CARD Act requires credit card companies to disclose the details on how much they pay to colleges for the rights to market their cards to students and alumni. The Federal Reserve's first Report on College Credit Card Agreements...
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by Bill Hardekopf The CARD Act is now in place and providing important protections for credit cardholders. Consumers are saving millions of dollars through some of these provisions, such as the elimination of over the limit fees and the restrictions on...
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by Bill Hardekopf Talking with your son or daughter about budgets, credit cards, and the dangers of debt should be part of the preparation in sending them off into a life on their own. Credit cards represent freedom and independence for college students...
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by Bill Hardekopf The Federal Reserve announced new rules and credit card protections on 6/15. It is the grand finale of the CARD Act, capping late fees and providing possible relief from rate increases. These rules go into effect on August 22. Under...
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