Credit Card Victims Muzzled, Ordered To Release Financial Histories Before Sharing Their Experiences

Credit Card Victims Muzzled, Ordered To Release Financial Histories Before Sharing Their Experiences

Four credit card victims were ordered to sign waivers allowing their creditors to release their private financial records to the public before they could testify before the House Financial Services Committee. The consumers had flown in from across the country to share their stories at a hearing on the Credit Card Bill of Rights, but credit card companies insisted—and Republicans and Democrats agreed—that it would only be fair to release documents like credit scores and a list of recent purchases in order to rebut the consumer’s claims. “Fair is fair,” Congressman Spencer Bauchus (R-AL) barked, as he defended the absurd request. Ultimately, the consumers didn’t testify, but one invitee, Steven Autrey, released his prepared statement, which slams creditors for their abusive and predatory business practices.

Liveblogging The Senate Permanent Subcommittee On Investigations Hearing On Arbitrary Credit Card Rate Increases

Liveblogging The Senate Permanent Subcommittee On Investigations Hearing On Arbitrary Credit Card Rate Increases

Today at 9:30 a.m., Senator Carl Levin (D-MI) will continue his investigation into the unfair and deceptive practices of the credit card industry. Today’s topic: arbitrary rate increases for cardholders in good standing. The hearing picks up where Senator Levin left off in March, when he questioned the use of excessive fees, interest charges, and the abuse of grace periods.

Earn A Lot More Interest By Opening A High-Yield Online Savings Account

Earn A Lot More Interest By Opening A High-Yield Online Savings Account

Your savings can earn upwards of 4 more percentage points of interest, if you put it one of these high-yield online savings accounts. Here’s seven to check out.

How To Improve Your Credit Score With Department Store Credit Cards

How To Improve Your Credit Score With Department Store Credit Cards

A worker in the credit industry, Derek, gave us some tips to help young Paul boost his access to credit so he can live his American Dream.

20 And No One Will Give Me Credit, What's Up?

20 And No One Will Give Me Credit, What's Up?

Paul is chasing the American Dream, looking to buy land and build a house on it in the next few years. He works hard, pays his bills on time, and has a good credit rating, but no one will actually give him any credit.

Capital One Hates Deaf People

What’s in your wallet? I said, what’s in your wallet? Oh, forget it. From a reader:

My Car is Stuck in a Paper Mountain

G. would like to sell his car but can’t, as the Illinois DMV has lost his title among piles of paperwork and has no interest in finding it.