The Fed is set to vote on a number of key protections for credit-card customers.
Cash-strapped consumers might get some welcome news on Thursday when regulators vote to rein in controversial credit card practices. The proposed rules, which have received overwhelming consumer support, prohibit banks from practices like raising the interest rates on pre-existing credit card balances unless a payment is over 30 days late, and applying payments in a way that maximizes interest penalties. .......
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Voluntary Recall Issued for ShopRite Peanut Butter on Toasty Crackers and ShopRite Peanut Butter and Cheese Cracker Snacks Because of Possible Health Risk.
In cooperation with the FDA, Kellogg Company is today issuing this advisory regarding a voluntary recall of two varieties of ShopRite brand peanut butter sandwich crackers because they contain peanut paste produced by Peanut Corporation of America and the products have the potential to be contaminated with Salmonella. . . . . .
Click here to find out which sandwiches were recalled.
Consumer-Friendly Credit Card Rules Coming
Federal regulators on Thursday adopted sweeping new rules for the credit card industry that will shield consumers from increases in interest rates on existing account balances among other changes. The rules, which take effect in July 2010, will allow credit card companies to raise interest rates only on new credit cards and future purchases or advances, rather than on current balances.
Click here to learn more about how the new credit card rules will keep more cash in your pocket.
