Fred Williams

Fred O. Williams is senior reporter for CreditCards.com. A business journalist since 1987, he writes about consumer financial issues from Washington, D.C. His work has appeared in USA Today and Kiplinger’s Personal Finance magazine.

Posts by Fred Williams

Research, regulation, industry reports

People who love payday loans are hard to find

Lee Edmundson doesn’t want a federal rule to limit his access to payday loans. At least not according to the official record. “If the government limits the number of days I can have a loan, there will be many times…
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Research, regulation, industry reports

Consumer protection bureau seeks legal shield from Trump administration

How much will the new administration in Washington change the federal government’s fledgling Consumer Financial Protection Bureau? Republicans have long wanted to reformulate the agency and fire its director. Richard Cordray was appointed by President Obama and confirmed by the…
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New products, Research, regulation, industry reports

Can fintech revolution preserve consumer protections?

At a daylong forum about new banking technology, one question electrified the audience. “Do consumers still need a bank?” asked Grovetta Gardineer, a senior staffer at the Office of the Comptroller of the Currency, the 153-year-old regulator of national banks.…
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Fine print, Protecting yourself, Research, regulation, industry reports

Prepaid debit cards need clear price tags

Shopping for prepaid debit cards, as I did in March and April, makes you appreciate the more orderly world of credit cards. Take, for example, the Schumer box. That’s the chart on credit card offers that tells you the APR,…
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Living with credit, Protecting yourself

Beware: Pricey upsells take the free out of free credit reports

You hear the advice again and again: Look at your credit reports every year. It is your right, and they are free from the federally approved website www.annualcreditreport.com. I’m adding one footnote: Watch out for the upsell. Otherwise you’ll be…
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