Credit Cards: As Dangerous as Alcohol? Federal Reserve Proposes New Rules
We have minimum legal ages for all kinds of activities we think are too dangerous for younger people; driving a car, smoking cigarettes, gambling, drinking alcohol...the list goes on and on.
New Credit Card Rules are in Effect – More Changes to Come in February
It was signed into law last May 22 by President Obama but the Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 officially went into effect last August 20. And that's just the first phase of it.
New Credit Card Legislation: How Will This Affect Consumer Confidence?
With the rising number of job cuts and foreclosure, consumers would certainly welcome some breathing room from their financial problems. Lawmakers are trying to do just that by banning excessive fees and arbitrary hikes on their credit cards. The proposed restrictions are expected to pass the Senate on Tuesday after the House endorsed the plan. The final version is expected to be signed by President Obama at the end of the week.
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