The Consumer Financial Protection Bureau has been on fire lately going after credit card issuers for unfair practices.
They have recently settled with American Express, Discover, and Capital One. As a result if you’ve had a card with one of these issuers you may see a credit on your statement sometime soon if you were a victim of one of their unfair practices. Even if you no longer have the card you may see the credit, but instead in the mail as a check.
When the CFPB was created many wondered how much of a difference they would actually make. It seems like they are starting to live up to their potential and are becoming advocates for consumers.
That’s great to see!
There are plenty of time when debt and fees are the consumers fault but it’s nice to see there’s a governing body out there taking care of the little guy.
(source: Consumers to get refunds in credit card settlement – chicagotribune.com)
Here are some great credit card articles to read while you ponder the CFPB…
Boomer and Echo | Best No-Fee Cash Back Credit Cards In Canada
Mashable | Google Launches Credit Cards for Small Businesses
Financial Highway | Using a Secured Card to Rebuild Your Credit
Rewards Cards Canada | Avoid These Credit Card Products
Bargaineering | » Wallaby: One Card to Rule Them All
PT Money | BillGuard Review: Who’s Watching Your Credit Card Statements?
Financial Samurai | Will A Missed Or Late Credit Card Payment Hurt My Credit Score?
Wise Bread | How to Rebuild Your Credit in 8 Simple Steps
And here are carnivals Credit Card Smarts has taken part in…
Festival of Frugality Blog CarnivalFrugal Quack | Frugal Quack
Entrepreneur Video, Ouya Game Console & a Carnival – Wealth Artisan
Making Sense of Cents: Carnival of Money Pros
Carnival of Personal Finance #375 – The World Travel Edition — Narrow Bridge Finance
Carnival Of Personal Finance: First Week Of Fall Edition
Dewey’s Treehouse: Festival of Frugality #355: The What, We Worry? Edition
