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A final round of new credit card rules intended to protect consumers goes into effect on Aug. 22. To make these new rules possible, banks and credit card companies are working to cut credit limits, rates and fees on all their cards. Since the economy is so bad right now, it makes sense that credit [...] The final package of new credit card rules went into effect Sunday. The latest rules limit late payment fees and other penalties. Thus completes a sweeping charge card reform effort that began last summer with the Charge card Accountability, Responsibility as well as Disclosure (CARD) Act for 2009. Late payment charges cannot exceed $25 under [...] A final round of new credit card rules intended to protect consumers goes into effect on Aug. 22. To make these new rules possible, banks and credit card companies are working to cut credit limits, rates and fees on all their cards. Since the economy is so bad right now, it makes sense that credit [...] |
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