The Federal Reserve Board announced few rules and regulations for the banks who issues credit cards to customers. These rules were made to remove unfair credit card practices. Later in a couple of months the Credit Card Accountability, Responsibility and Disclosure Act of 2009 will be made effective along with the other rules. The changes [...]

A news report suggests that there is a decline in the charge off on credit card debts, but the rate of people with more than 30 days overdue are increasing day by day. A financial recovery is required as the nation is suffering from a shaky economic balance. One of the reason being the rising [...]