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July 3rd, 2010
08:47 PM ET

Road Food

If you're going somewhere over the Fourth of July, you're not alone.  AAA estimates nearly 35-million people are traveling 100 miles or more this holiday weekend.  That's about a 17% increase over last year, and 90% of travelers will be hitting the highways.

CNN's Fredricka Whitfield talks with dietitian Leslie Bonci about ways to eat healthy while you're on the road.

Filed under: CNN Newsroom
July 3rd, 2010
08:43 PM ET

Legal Guys

The U.S. Supreme Court hands down a major decision on gun rights.  QB Michael Vick and supermodel Naomi Campbell are also in the news.

CNN's Fredricka Whitfield talks about these cases with our legal experts, civil rights attorney Avery Friedman and New York defense attorney Richard Herman.

Filed under: Anchors • CNN Newsroom • Fredricka Whitfield • Josh Levs
July 3rd, 2010
02:32 AM ET

Credit Card Reform to Save the Day?

From financial analyst Clyde Anderson:

Credit card providers have been charging it to consumers for years, one might say. Before you ever swipe your card you may be subject to the; haven’t used the card before fee, you don’t have a large enough balance fee, you haven't used me in days fee or my favorite the didn’t swipe fast enough fee. Ok maybe I’m exaggerating, but not by much. Credit card providers are creating new fees everyday to offset the losses they are subject to with the Credit Card Reform Act (CARD). The Credit Card Accountability Responsibility Disclosure Act was implemented to curb the predatory practices that have contributed to the billions of dollars card providers collect annually in miscellaneous fees.

The purpose of President Obama's CARD ACT is to protect American card holders and end the days of unfair rate hikes and hidden fees. Beginning August 22, 2010, your credit card company is required to make some much-needed adjustments, but what will it really mean for you?

They Must...
Give customers at least 21 days to pay their bills
Provide a 45-day notice on major changes (rate hikes, fees etc.)
Only charge you one penalty fee at a time.
Cap late fees at $25

Still Can...
Raise rate if you’re late on other obligations
Can hike rates up to 29.99%
Raise rates above 29.99% if you have a variable rate
Switch you from a fixed to a variable rate at any time
Cut your credit limit by as much as they want and close an account without advance notice. (Even if you pay on time)

Can No Longer...
Automatically charge fees to consumers who exceed their limit
Raise rates on existing balances, unless they are 60 days late
Charge you inactivity fees or excessive late fees

The bottom line is banks will still be able to get around many of these rules, so consumer beware. Read the fine print, ask your credit providers questions, read any and all mail you get and never assume it’s junk.

Look for Clyde Anderson's Home School segments in the 7 o'clock hour of CNN Saturday Morning with TJ Holmes.

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Filed under: CNN Newsroom