Thursday, October 29, 2009

Survey of Unfair and Deceptive Credit Card Practices by Pew Charitable Trust

Still Waiting: ‘Unfair or Deceptive’ Credit Card Practices Continue as Americans Wait for New Reforms to Take Effect
Source: Pew Health Group, Safe Credit Cards Project

This report present the findings of the latest review of consumer credit card product by the Pew Health Group’s Safe Credit Cards Project. We show the interest rates, fees and penalty provisions for credit cards offered by the largest 12 bank issuers based on application disclosures gathered in July of 2009.Where possible, we show how these features have changed since our December 2008 survey or where new trends may be emerging. Also, for the first time, we include an analysis of cards from the largest 12 credit unions. Throughout the report, we provide comparisons between bank card and credit union card data.

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