Category Archives: Government Programs
Big Banks Add New Fees to Counter Passage of Financial Reform Bill
If at first you don’t succeed, try, try again – it could be the motto of big banks following Thursday’s passage of the financial regulation bill. Banks have for months been attempting to stop the legislation, which will cut into their profits from debit card fees – and which could in turn lower prices for… Read More »
Banks Are Back to Old Tricks and New Fees after Financial Reform Bill Passes
If you can’t beat ’em, join ’em – at least, that’s what big banks are doing. After their effort to stop the financial reform bill failed with the overhaul’s passage Thursday, banks have no choice but to play along – but they’re playing on their own terms, according to Chicago bankruptcy laywers. That’s bad news… Read More »
Pros and Cons of Financial Overhaul Bill for Chicago Consumers
It looks like the financial reform bill will pass – though just barely. But what does it mean for you – and specifically, for that debt you’re carrying around? If all goes according to plan, the overhaul will do more than aim to avert another financial crisis, say Chicago bankruptcy attorneys. It will alter the… Read More »
What the Financial Overhaul Bill Can and Can’t Do for Atlanta Consumers
It was years in the making, but it looks the financial reform bill is finally on its way to becoming a reality. The question now is, how much will it actually reform – especially for those of us overwhelmed by debt? You’ve probably heard about how the overhaul aims to reorganize the financial system to… Read More »
Chicago Credit Card Holders Can Benefit From New Late Fee Rules
Uncle Sam is really laying into credit card companies lately – and I’m not complaining. On Tuesday, just months after the latest Credit CARD Act rules went into effect, the Federal Reserve adopted a new set of credit card laws. This time, they’re limiting late fees to $25 (instead of the $30-plus penalties many of… Read More »