How Will the New Credit Card Rules Protect You?
How Will the New Credit Card Rules Protect You? Monday February 15, 2010 In an effort to protect consumers from unfair–and unexpected–credit card practices, President Obama signed a bill into law in May 2009 that sets new regulations for credit card companies and how they do business. These new credit card rules take effect on February 22, 2010. If you use credit cards, it’s important to learn about the new credit card rules and how they will affect you. While the new credit card rules help to protect consumers against unfair practices by credit card companies, there are still some things we need to do for ourselves: avoid using too much credit, and paying high late fees. Comments (0)See All Posts
