While the credit card reform is in the horizon, some members of the congress want to speed it up. Currently the new reform is schedule for the end of the February of 2010.

Today the Federal Reserve proposed to make the rules on credit cards even tougher. The goal is to protect you from the potentially expensive fees of the credit card service providers.

The current economic slowdown has put many consumers into debt and worsened their credit scores. Naturally the credit report will not look bad either. So how do these people get credit cards? The answer to this question explains the recent rise in popularity of prepaid credit cards.

The cancellation of bad debts on credit cards in Canada has reached 4.8 percent according to Moody's. This is a record for the Canadian economy.

Ann Minch, who singlehandedly started a "debtor's revolt" within the last couple of weeks, after seeing huge increases in her credit card interest rate, has declared victory. In a follow up post on YouTube, Minch noted that Bank of America has agreed to reduce her rate.

JPMorgan Chase is hoping to help consumers manage their debt while still spending with the unveiling of their new credit card, Blueprint. It is typical for credit card companies to want consumers to increase their debt but the Blueprint card is taking a innovative new angle to keep consumers spending. Blueprint helps consumers take charge of their finances with free tools they can use to pay down balances, manage everyday spending and pay off major purchases.

Attorney General of NY reaches a groundbreaking agreement with HSBC ensuring that the company overhauls its website and services to be more accessible for the customers with disabilities. HSBC credit card customers with vision or hearing loss can dispute charges and receive customer service. The agreement also requires all notices, forms and statements in formats accessible to customers with disabilities.

It seems that the awareness of understanding personal finances are an all time high lately. This is due to the recent downturn of the economy. It is still a good thing that everyone is starting to pay more attention to their own personal financial situations. That is why more and more schools are teaching personal finance.

Advance fee loan scams feed off of those that are in desperate situations. Those people who have been turned down from a banks loan or denied a credit card due to their poor credit history is the primary target for those who pull off advance fee loan scams. The scammers go after those that have bad credit yet need or want a loan or credit card with promises of them being approved for a loan or credit card regardless what kind of credit history the victim has.

There is an old saying that banks only lend to those that already have money. Over the past decade that saying has not always been true. Unfortunately for many people, they have more debt than they can pay for. If you are one of the many that is seeing your debt increase while your credit rating decreases, then you are probably also looking for some fast credit repair tips to help your credit history.