Jim Flaherty, Canada's Minister of Finance, has announced proposed new regulations on credit cards that he says are "aimed at limiting business practices that are not beneficial to consumers and providing clear and timely information to Canadians about credit cards." READ MORE »

With all of the news recently about the just passed credit card legislation in the US Congress, we were reminded that there were some pretty obvious signals flashing a few years ago that things might just be headed off the cliff. Just for fun, read (or re-read) our colleague Bryan Derman's article from January 2005 - over 4 years ago - titled "Wither the Empire?" Bryan's article concludes: "...it may indeed be growing late in the days of the great credit card empire." Indeed.

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