August 2009
1 post
August 20, 2009 - New Rules for Credit Card...
The Credit CARD Act signed into law this May is going into effect today. What does this mean for consumers?
The new law offers some protection to consumers by requiring a 45 day advance notice of any changes in interest rates or fees. Payments won’t count as late unless a bill was sent 21 days prior to the due date.
Still, experts warn that consumers need to be wary of changes in their...