What’s in your wallet? Hopefully, not one of these credit cards.
The new credit card regulations passed over the last 18 months not only caused their share of unintended consequences (soaring interest rates, for one), they also had their share of loopholes that left consumers vulnerable. Now, the Federal Reserve is trying to close one loophole being taken advantage of by so-called “fee harvesters,” a particular [...]
Here’s another indication of how, despite months of rolling out new credit card reform regulations, the current card landscape is a lot like the old one, just with a tweaked set of tricks and fees that obey the letter of the law while still milking consumers for revenues. One of the new laws puts a [...]
