Legislation To Protect Consumers From Crappy Credit Card Practices Moves Forward

Legislation To Protect Consumers From Crappy Credit Card Practices Moves Forward

The Credit Cardholders’ Bill of Rights is back in the news, and with Congress considering the legislation, we offer a refresher on what’s in this bill and why it’s important.

Hotline Proposed For Banking Complaints

Hotline Proposed For Banking Complaints

Consumers with banking complaints reflexively complain to the FDIC or their state Attorney General, even though five federal agencies regulate the banking industry. A bill introduced by Carolyn Maloney (D-NY) wants to connect aggrieved consumers to the right agency by establishing a hotline to handle all banking complaints.