Rotating Header Image

Posts Tagged ‘consumer credit’

“We need to change the rules of the game”… Secretary Geithner

Did someone send a sticker to Secretary Geithner? More great news today from AP: “We need to change the rules of the game” to make the credit card business more transparent, fairer and simpler for consumers, Geithner told reporters after the meeting at the Treasury Department. “This administration and this Congress are committed to […]


PRODUCT SAFETY RECALL: Chase credit cards “unsafe,” pose “risks of substantial injury”

According to its Website, the U.S. Consumer Product Safety Commission (CPSC) is “charged with protecting the public from unreasonable risks of serious injury.”  When contemplating product safety, most of us probably think of “toys, cribs, power tools, cigarette lighters, and household chemicals,” which are under the purview of this federal regulatory agency.  The CPSC does not regulate all […]


Chase gets 18 months to comply with new (Reg. Z) rules — But, customers should only need 15 days to comply with Chase’s new rules

According to a letter dated July 17, 2008, from Andrew T. Semmelman, Senior Vice President and Associate General Counsel for “Chase Bank USA, N.A. (“Chase”), the consumer credit card bank subsidiary of JPMorgan Chase & Co.,” written to Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, Chase’s credit card portfolio consisted […]