The New Credit Cards Laws Go Into Effect

It all sounds good doesn’t it? Is there a catch? Consumers advocates have been all for it. Credit card issuers and credit industry analyst say the new credit card laws will end up making credit cards more costly to consumers and less accessible for low-income families.

What Have You Done for Me Lately? Identity Theft Protection & Penalities

Senator Dianne Feinstein has been championing for reforms and tougher laws for identity theft. She’s seen firsthand how easy it is to have your identity stolen. According to Feinstein, “At a hearing, a police officer from Washington D.C. came forward and gave me a phony credit card that he’d gotten in my name.” He showed how is easy it was. He’d gotten it that morning. I still have it in my desk.”