penalty-fees

New credit card restrictions take effect

New rules designed to protect credit card users from “unreasonable late payment and other penalty fees” come into force Sunday as a result of the Wall Street reform bill.

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New credit card restrictions take effect

penalty-fees

New credit card act goes into effect

New credit card rules go into effect Sunday. They ban credit card companies from charging so-called “inactivity fees” or charging penalty fees of more than $25.

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New credit card act goes into effect

penalty-fees

Some credit card companies squeeze most responsible customers

Washington Post Friday, July 30, 2010 iStockphoto.com After the recession forced credit card companies to purge their rosters of the riskiest loans, the industry is facing a new dilemma: customers who are too good. Card issuers have long found their bread and butter in penalty fees and high interest rates paid by consumers who carry a balance. But that business model has been upended by the …

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Some credit card companies squeeze most responsible customers