How the CARD Act Saves Us $3.5 Billion a Year in ‘Other Fees’
The CARD Act has reduced the fees we pay for debt suspension, balance transfers, cash advances, returned payments and other transactions by $3.5 billion a year....
Tag: CFPB
The CARD Act Has Made Credit Cards Cheaper
The total cost of credit cards has declined by almost 2% between 2008, the last full year before the CARD Act's gradual implementation began, and 2012....
Would You Trust the CFPB with Your Credit Card?
The CFPB is collecting vast amounts of credit card transaction information and it won't tell us how it is using it. The program must be discontinued....
Dissecting $1.2T of Student Debt
As of May 2013, the total of the outstanding student debt in the US was about $1.2 trillion. Just over $1 trillion is federal loans; the rest is private loans....
On the CFPB, Debt Collection and Credit Worthiness
The CFPB tells us that not paying off a credit card collection account may have no effect on a consumer's future borrowing prospects. The CFPB is very wrong....