It seems like everyone loves to hate credit-card companies, but some firms are more unpopular than others, and the industry as a whole faces a distrusting public.

New rules designed to protect credit card users from "unreasonable late payment and other penalty fees" come into force Sunday as a result of legislation passed last year.

The amount of credit card debt consumers are carrying dropped to an eight-year low and delinquencies continued to decline in the second quarter as consumers looked to shore up their savings.

"Credit card interest rates soared in the second quarter to a nine-year spike, according to the market research company Synovate."

Jim is looking for more info.

This one's for Kathryn, I know she is reading.

The rules mandate a minimum 21-day interest-free grace period on all new credit card purchases when a customer pays the outstanding balance in full

New regulations came into effect Wednesday that the federal government says will protect credit-card holders from unexpected costs and help them make better financial decisions.

"New credit card regulations in Canada took effect Wednesday, and the changes designed to protect consumers have left lenders scrambling to find ways to make up any potential losses."

From WWW.TORONTOSUN.COM, thanks Edna

Marjorie wrote:

I came across this post Thursday.

"Banks have written off a record amount of credit card debt despite charities reporting a fall in calls from worried borrowers."

Would anyone care to comment?

Betty Wrote: Here's one for you - "Total Debt Relief Explains How in Certain Situations Credit Card Debt Can Be Settled and What Debt Relief Programs Assist in the Effort"

Inner Fence, maker of Credit Card Terminal for iPhone, is now shipping Credit Card Reader for iPhone, an Apple-authorized hardware accessory that allows merchants to swipe credit cards.