Congress may fast track new credit card relief - Spokane, North Idaho News & Weather KHQ.com

Congress may fast track new credit card relief

Posted: Updated:
  • Also on KHQ.comMore>>

  • New credit card rules in effect

    New credit card rules in effect

    WASHINGTON. - A swipe of relief is in store for millions of credit card holders as new lending and interest rate laws kick in Thursday. >>
    WASHINGTON. - A swipe of relief is in store for millions of credit card holders as new lending and interest rate laws kick in Thursday. They're designed to protect card users and give them more control over their accounts. The rules give users more notice when changes are made to the account and tools to say 'no' to rates and fees. >>
  • The new rules of credit cards

    The new rules of credit cards

    Tuesday, June 23 2009 12:21 PM EDT2009-06-23 16:21:11 GMT
    SPOKANE, Wash. - Cardholders across America are fuming over changes in the terms of the agreements they had -- or thought they had -- with their credit-card companies.>>
    SPOKANE, Wash. - Cardholders across America are fuming over changes in the terms of the agreements they had -- or thought they had -- with their credit-card companies. Many are mystified because they have been good customers, paying their bills on time and sending in more than the minimum payment each month. Suddenly, pulling out the plastic at the grocery store or the gas pump feels like navigating a minefield. Here's what you need to know about the current state of credit.>>
  • 'Secure Credit Cards' help boost your credit score

    'Secure Credit Cards' help boost your credit score

    Monday, June 22 2009 4:56 PM EDT2009-06-22 20:56:19 GMT
    DALLAS, Texas. - Ever since the financial meltdown, your credit score is more important than ever, but a lot of people are discovering they don't make the grade. >>
    DALLAS, Texas. - Ever since the financial meltdown, your credit score is more important than ever, but a lot of people are discovering they don't make the grade. >>
  • Credit card customers surprised by extreme rate hikes

    Credit card customers surprised by extreme rate hikes

    SPOKANE, Wash. - Many people are outraged that banks getting billions in taxpayer bailout money are raising interest rates on their credit cards. >>
    SPOKANE, Wash. - Many people are outraged that banks getting billions in taxpayer bailout money are raising interest rates on their credit cards. The unusually high rates now being charged to even outstanding customers is an attempt by the banks to make a profit off credit cards - something banks said they haven't been doing since the economy went sour. INSIDE>> What's your money personality?>>

WASHINGTON. - Lawmakers are taking another swipe at the credit card industry.

Representative Carolyn Maloney is looking to speed up enforcement of a new law that would limit a credit card company's ability to change interest rates.

It was supposed to take effect in February, but some lawmakers want to move the date to December because many companies are raising their rates and fees now, ahead of the deadline.

"The abuses by some in the industry which led Congress to pass my original legislation have only increased since the bill's signing," Rep. Maloney said.

As the battle between Congress and the credit card companies intensifies, there is also a noticeable shift in the industry.

The Blueprint card from Chase allows consumers to determine the types of everyday purchases, like groceries, gas, or entertainment, that they want to pay off every month interest free, even while accumulating interest on other "big-ticket items".

Others in the industry have announced similar programs aimed at helping customers manage their spending.

Still, some credit card companies have pushed back on the deadline shift.

They're worried they can't have the infrastructure or system in place to handle all of the new requirements if lawmakers move the deadline up to December or even January.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Body found in SUV in downtown Spokane

    Body found in SUV in downtown Spokane

    Wednesday, June 28 2017 2:04 AM EDT2017-06-28 06:04:38 GMT

    SPOKANE, Wash. - Spokane Police are investigating Tuesday after a body was found inside an SUV in a parking lot near 2nd and Division.  Details are limited, but heavy police activity was reported around 4 p.m.  KHQ's Patrick Erickson reports that people inside the SUV spotted an ambulance in the parking lot of the 7-11 store and asked for help. Paramedics found a man dead inside.

    >>

    SPOKANE, Wash. - Spokane Police are investigating Tuesday after a body was found inside an SUV in a parking lot near 2nd and Division.  Details are limited, but heavy police activity was reported around 4 p.m.  KHQ's Patrick Erickson reports that people inside the SUV spotted an ambulance in the parking lot of the 7-11 store and asked for help. Paramedics found a man dead inside.

    >>
  • Fairchild Airman found dead in dorm

    Fairchild Airman found dead in dorm

    Tuesday, June 27 2017 7:53 PM EDT2017-06-27 23:53:24 GMT

    FAIRCHILD AIR FORCE BASE, Wash. - An Airman assigned to the 92nd Air Refueling Wing was found dead in their dorm room Tuesday afternoon.  A representative from Fairchild Air Force Base says the airman was found at around 2 p.m. The cause of death is under investigation by the Air Force Office of Special investigations.

    >>

    FAIRCHILD AIR FORCE BASE, Wash. - An Airman assigned to the 92nd Air Refueling Wing was found dead in their dorm room Tuesday afternoon.  A representative from Fairchild Air Force Base says the airman was found at around 2 p.m. The cause of death is under investigation by the Air Force Office of Special investigations.

    >>
  • Partial government shutdown could affect your holiday weekend

    Partial government shutdown could affect your holiday weekend

    Tuesday, June 27 2017 8:23 PM EDT2017-06-28 00:23:20 GMT

    SPOKANE, Wash. - The deadline to sign a two-year state operating budget is this Friday at midnight and while lawmakers say they’re close to reaching an agreement, that still hasn’t happened yet. They’re currently in their third special session, and if the deadline comes and goes with no budget signed, Washington state’s government will partially shutdown.

    >>

    SPOKANE, Wash. - The deadline to sign a two-year state operating budget is this Friday at midnight and while lawmakers say they’re close to reaching an agreement, that still hasn’t happened yet. They’re currently in their third special session, and if the deadline comes and goes with no budget signed, Washington state’s government will partially shutdown.

    >>
HD DOPPLER 6i
/