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ASAP Credit Card: News & Information Blog

ASAP Credit Card: News & Information Blog

http://www.asapcreditcard.com/blog/

Stay up-to-date with the credit card industry and find help credit news, information, tips and advice.

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  • Mandatory Arbitration is Being Eliminated

    Posted on Friday November 27th, 2009 at 10:00 in credit news

    Chase and other banks ending arbitration to settle disputes… JPMorgan Chase, the largest issuer of credit cards, will stop using arbitration to settle disputes, a long standing practice that some legal experts considered biased against cardhol...

  • New Credit Card Proposals on the Table

    Posted on Thursday November 19th, 2009 at 10:29 in credit news

    Even more proposals to help protect consumers… Two new actions are in the works and are intended to further protect consumers from the big bad credit card companies. The first is an amendment to Regulation Z (Truth in Lending) proposed by the F...

  • Ongoing Battle Over Interchange Fees

    Posted on Thursday October 29th, 2009 at 10:31 in credit news

    Credit card issuers opposed to additional legislation… A renewed battle is on the horizon over $48 billion in fees that credit card issuers collect from merchants, with lawmakers pursuing more legislation. The focus is on bringing down interc...

  • The ‘Big Three’ Expected to Be Stronger

    Posted on Friday October 9th, 2009 at 11:01 in credit news

    Financial crisis could leave some issuers stronger… Recently enacted credit card regulations and an ogoing financial crisis has lowered profits and even drove some smaller credit card companies out of business. But it’s not all bad ne...

  • Negative Effects of New Credit Card Legislation

    Posted on Friday October 2nd, 2009 at 09:04 in credit news

    Consumers should expect some unintended consequences… It has been estimated that Americans are carrying roughly 700 million credit cards - two for every man, woman and child. New credit card laws signed into law by President Obama will eliminat...

  • Student Credit Cards Limited by Regulations

    Posted on Friday September 25th, 2009 at 09:53 in credit news

    New regulations will make it difficult for college students… Credit card companies have been known to offer generous credit limits and 0% introductory rates to their customers, even to college students who have little or no income. When the ...

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