May 7
Credit Card Bill of Rights Coming?
Posted on Thursday, May 7, 2009 in Legislation
There have been whispers and statements in some circles, now it seems a Credit Card Bill of Rights will truly become a reality soon.
In short the Credit Card Bill of Rights will seek to protect consumers from predatory practices, with the main objectives being:
- To make it harder for banks to raise rates on their credit cards.
- To mandate that terms and conditions be visible and in plain language.
We’ll be watching this one closely!
May 4
Biodegradable Discover More Card
Posted on Monday, May 4, 2009 in New Cards
Earth Day came and went late last month, and even credit cards are getting in on the act and becoming more green and environmental conscious. Discover® has just announced the Biodegradable Discover® More Card, the only biodegradable credit card – yes, it will bio-degrade in landfill or compost-like conditions … more below.