New Credit Card Rules in Effect

The Credit Card Accountability, Responsibility, and Disclosure Act has already begun to change the way that credit card companies are allowed to do business, but many customers have yet to experience firsthand the changes that have been made. The following are some of the ways that credit card companies will have to adapt:
Cardholders will enjoy longer periods of time for billing and notification of interest rate changes, adjustments in the way finance charges are made, an adjustment in the impact of late payments, and limits in the way that credit cars are issued to teens and young adults. Credit card …read more