theodp writes "A few months ago, the NY Times' Ron Lieber extolled the virtues of allowing utilities, phone, and credit card companies to pull whatever you owe from your bank account. Big mistake. Lieber's readers fired back, telling him he was out of his mind for suggesting that they give billers unfettered access to their credit cards and bank accounts. Now Lieber goes through five of the glitches that can occur with any of the various methods of setting up automatic payments: 'You can give each biller permission to pull the full amount from your bank account. You can use the online bill system at your bank to push payments out automatically each month. Or you can charge every bill to your credit card and give only that card company permission to pull money from your bank account when the credit card bill is due. Each of these methods has its potential shortcomings...'" What kind of payment automation do you use, and why?Read more of this story at Slashdot.

Banks and consumers brace for new credit card rules (Reuters)

Date: Sat, 13. December 2008 23:45:37

Reuters - The U.S. credit card industry, harshly criticized for imposing surprise fees and interest rate hikes on consumers, may face a day of reckoning on Thursday.

Banks and consumers brace for new credit card rules (Reuters)

Date: Sat, 13. December 2008 23:45:37

Reuters - The U.S. credit card industry, harshly criticized for imposing surprise fees and interest rate hikes on consumers, may face a day of reckoning on Thursday.

Rate cut won?t help card users

Date: Wed, 17. December 2008 23:35:36

Just because the Federal Reserve is cutting interest rates, don't expect your credit card company to necessarily do the same.

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