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Credit Card Abuse Legal News Articles & Interviews

Credit Card Abuse Comes in All Shapes and Sizes

Credit Card Abuse Comes in All Shapes and Sizes January 1, 2013. By Gordon Gibb.
Brooklyn, NY While the settlement may be worth CDN $8 million, the value to credit card holders affected by the agreement is worth about five bucks. On the other side of the credit card abuse ledger is a case that may easily translate to the largest antitrust case in US history.
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Studies: Credit Card Rate Hikes Down after Passage of Legislation

Studies: Credit Card Rate Hikes Down after Passage of Legislation March 8, 2011. By Charles Benson.
Washington, DC Two new surveys released recently by the government indicated that reforms have led to the near elimination of credit card rate hikes and over-limit charges as well as a reduction in penalty fees, the Washington Post reports.
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Supreme Court Rules in Favor of Chase in Credit Card Rate Hikes Case

Supreme Court Rules in Favor of Chase in Credit Card Rate Hikes Case February 10, 2011. By Charles Benson.
Washington, DC The Supreme Court recently ruled that Chase Bank USA could legally implement credit card rate hikes on a man's card without notifying him, The Associated Press reports.
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Credit Card Fraud Victims at California Gas Station Increase to 282

Credit Card Fraud Victims at California Gas Station Increase to 282 January 10, 2011. By Charles Benson.
Sierra Madre, CA Thus far, detectives have identified 282 credit card fraud victims at a gas station in Sierra Madre, California, the Los Angeles Times reports.
Read [ Credit Card Fraud Victims at California Gas Station Increase to 282 ]

Potential Still Exists for Credit Card Abuse

Potential Still Exists for Credit Card Abuse January 1, 2011. By Gordon Gibb.
Muncie, IN Happy New Year. Beyond the headache from too much New Years' revelry is the financial headache of Christmas bills coming in. But lest you think otherwise, credit card abuse takes many forms and is not limited to the consumer simply using the plastic way too many times. There are also credit card fees that comprise a never-ending parade of charges.
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Discover Accused of Misleading Tactics

Discover Accused of Misleading Tactics December 23, 2010. By Heidi Turner.
Cottage Grove, MN When it comes to credit card abuse, many customers may have thought the new credit card laws offered them greater protection from predatory credit card practices. In truth, there is some protection from credit card rate hikes and credit card fraud, but those restrictions have forced credit card companies to find new ways of generating profits—all at the consumer's expense.
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Fed Examines Credit Card Rate Hikes, Caps Penalties

Fed Examines Credit Card Rate Hikes, Caps Penalties June 30, 2010. By Charles Benson.
Washington, DC Consumers received a bit of good news when the Federal Reserve recently capped most credit card late fees and other penalties at $25.
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Credit Card Abuse Still Exists, Despite the Credit CARD Act

Credit Card Abuse Still Exists, Despite the Credit CARD Act May 3, 2010. By Heidi Turner.
Boston, MA Although it has been two months since the Credit CARD (Card Accountability, Responsibility and Disclosure) Act went into effect, there are still cases of credit card abuse that consumers must deal with. The Credit CARD Act was meant to limit instances of abusive practices by credit card companies, but some loopholes exist that allow companies to get away with treating customers poorly.
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Citibank Cancels Credit Cards with Little Warning

Citibank Cancels Credit Cards with Little Warning October 28, 2009. By Gordon Gibb.
New York, NY Beyond the sometimes onerous fees associated with many credit cards, credit card abuse takes other forms—not the least of which includes the allegedly unjust termination of a credit card.
Read [ Citibank Cancels Credit Cards with Little Warning ]

$336 Million Settlement for Credit Card Fees Lawsuit

$336 Million Settlement for Credit Card Fees Lawsuit October 28, 2009. By Gordon Gibb.
Manhattan, NY A credit card abuse class-action lawsuit that's been in the pipeline for about eight years and approved in 2006 has won final approval from a US judge. The settlement will see $336 million spread amongst a whopping ten million-plus claimants who alleged credit card consumer abuse and unjust credit card fees.
Read [ $336 Million Settlement for Credit Card Fees Lawsuit ]

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