News -01-02-09 Anti-Consumer Practices of Credit Card Companies (Consumer-Action.org) "National advocates working closely to end abusive and anti-consumer practices by the credit card industry today reacted to the release of a long-awaited GAO report documenting credit card fees, interest rates and disclosure practices from the six largest credit card issuers. According to Consumer Action, the Consumer Federation of America (CFA), Consumers Union and U.S. Public Interest Research Group (PIRG), the report points out the need for simplified pricing that consumers can better understand, and the importance of prohibiting abusive credit card pricing practices (such as two cycle billing, residual or 'trailing interest' and 'universal default.')" 01-08 -01-03-05 Minimum Credit Card Payments Increase in January (ABC News) "Millions of consumers who carry monthly balances are getting hit this month with higher minimum payment requirements as card issuers start implementing the January 2003 guidelines issued by the Federal Reserve, the Office of the Comptroller of the Currency and other federal regulators." 01-06 -04-22-06 Breach in Credit Card Security Reported (ABC News) "After their banks quietly informed them their debit card and bank information may have been stolen, thousands of Americans could lose as much as $500 in money taken from their accounts." 04-06 -08-04-05 Credit Cards Minimum Payments to be Raised (CBS News) "Coming this summer to your credit statement is a higher minimum payment that can be more than double the minimum amount that has typically been required." 8-05 -12-15-05 Credit Card Companies Not Reaping Profit from New Bancruptcy Law (MSN) "The industry muscled through tough changes that were supposed to make more filers repay some of what they owe. But that isn’t happening." 12-05 Lenders Look Beyond Credit Scores (Time.com) "Lenders are rethinking their reliance on credit scores. In the past year, an increasing number of banks have begun turning to court documents, phone bills and other nontraditional ways of measuring creditworthiness to bolster their lending decisions." 01-09 Orman: Pay off Credit Card Debt First (MSNBC News) "The best way to insulate yourself is to get out of credit card debt once and for all. If you pay off your balance, you don’t have to worry about the interest rate on your card. If you pay off your bal­ance, you are less likely to have your credit card limit reduced; and even if it is reduced, it will not have a negative impact on your FICO score." 01-09 Papers College Students - Drowning in Debt (MSN) "Saddled with college loans and credit card debts at a time when the job market is tight, they may be the most indebted generation of young Americans ever." 11-05 Credit Card Traps (PBS.org) "Every credit card for a credit card company is like a lottery ticket. They're just waiting to see who's going to maybe stumble a little. Maybe get into trouble on a car loan. Maybe nothing at all except they just look vulnerable. They're just in the right zip code. They're just the right profile for people who won't be able to run any place else. And those are the ones you slam. Those are the ones you hit with the 29 percent interest rate, the 35 percent interest rate, the new fees. And then, because of course if you can't pay it, then you get hit with a fee for not paying or for paying late, for going over limit. And the game is afoot. With any luck at all from the credit card company's perspective, these people will become little annuities that will just keep generating profits for the credit card companies for months, for years, maybe forever." 12-08 Credit Cards - Comparison (Bankrate.com) Compares credit card interest rates. 8-05 Credit Cards - Comparison (CardRatings.com) Compares credit card interest rates. 8-05 Credit Cards Comparison (Credit-Land.com) Compares credit cards and recommends one, based on rates and services. Provides direct links for applying. 1-03

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