Now is the time for credit union professionals to join together, learn from each other, speak with a common purpose, and act in a timely manner.
Discussion
chin hale
Maybe some of us are tax-advantaged. No one knows the limitations of applying for a tax. Let the government save the country for its failure. In Southwest Michigan, a state of emergency has been declared in response to the Kalamazoo River oil leak. An oil pipeline leaked and pumped almost 20,000 barrels of oil to the river, starting on Monday morning. The EPA and Enbridge Energy are working together to try and control the oil slick.
Unexpected rate hikes and over-limit fees are trapping most consumers in a life of constant worry over never ending cycle of debts. This would now be a history because last August 22, the new credit card law was culminated with the enactment of a final set of new credit card rules. The last collection with rule changes sets out to restrict overdue fees and other scams disguised as penalties. Credit card reform started with the Charge card Accountability, Responsibility and Disclosure (CARD) Act with 2009. As with Sunday, all the new rules collection forth in the legislation has now been enacted.
I read this here: Last round of new credit card rules limit late payment fees
One of the newest federal laws cuts late payment fees to an average of $25.Over the past year as new credit card rules have been rolled out, credit card companies have been dramatically increasing interest rates. One for the brand new rules calls out the card-issuers to either support those increases with legitimate reasons or roll them back.