The provocative independent opined on where the financial services industry is
headed now that the DOL rule will likely
kick off further rules that, he says, will «radically
alter» the advisory field during the next decade.
The deadline for the changes to take effect is July 1, 2010, although some issuers may roll out revamped statements sooner... (more) Consumers gain right to opt out of credit card rate increases — The first phase of the new Credit CARD Act of 2009
kicked in Aug. 20, lengthening notice requirements and giving consumers the right to opt out of rate increases... (more) Fixed rates shift to variable rates — Seven months in advance of the new rules that would limit an issuer's ability to
alter a fixed rate account, credit cardholders are being moved to variable rate cards... (more) Credit card issuers: Sorry, new law says we can't cut your rates — Credit card issuers turn on its
head the reform law that bans sudden rate increases; they say that it also forbids quick rate cuts... (more)