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Article Archive for November 2009

A One-Page Credit Card Agreement
November 23, 2009 – 2:33 pm
A One-Page Credit Card Agreement

Siegel+Gale put together this PDF which boils down a sample credit card’s terms to one page.
While the language is simpler than your average 30-page contract, it’s still not ideal; note that the late fee is …

The Card Game
November 23, 2009 – 2:20 pm
The Card Game

Have you ever waded through pages and pages of credit card contracts in an attempt to figure out what your interest rate will be? Have you overdrawn your account by a few cents, only to …

TIME Names the CFPA One of the 50 Best “Inventions” of the Year
November 23, 2009 – 11:21 am
TIME Names the CFPA One of the 50 Best “Inventions” of the Year

According to TIME Magazine, the CFPA is the 19th best invention of 2009.  Although it’s not yet reality, and it was conceived well before 2009, at AFR we appreciate the point.  Read more here – …

Indianapolis Chase Protests
November 19, 2009 – 3:23 pm
Indianapolis Chase Protests

Protesters rallied in front of Chase bank in Indianapolis on Thursday, Nov. 19 to demand the banks stop preying on the public with their excessive fees.
JP Morgan Chase is among the biggest of the “too …

Bloomberg: Warren Winning Means No Sale If You Can’t Explain It
November 19, 2009 – 9:34 am

Bloomberg wants Americans to know that Elizabeth Warren is an everyday-woman fighting a not-so-everyday battle to empower consumers. Click here to read the full article.
Nov. 19 (Bloomberg) — In Elizabeth Warren’s world, credit card contracts …

No Exemption for Auto Dealers Under the CFPA
November 19, 2009 – 9:14 am
No Exemption for Auto Dealers Under the CFPA

Americans for Financial Reform and our partners sent this letter (PDF) to Senators Dodd and Shelby this week regarding the need to treat auto dealers the same as other lenders under the CFPA:
On behalf of …