Few new credit cards rules are introduced by Federal Reserve Board recently. The New rules will take effect on August 22, 2010 and will give more protection for cardholders and more restrictions for Credit Card Companies.
New rules introduced:
- Reasonable penalty fees
- Additional fee protections
- Explanation of rate increase
- Re-evaluation of recent rate increases
Download full New Credit Card Rules information as PDF file or read full article at federalreserve.gov
Recommended Readings
- Credit Card Reform 2010
- Credit Card Reform 2010 – Why Important
- Credit Card Reform 2010 – Grace Periods
- Credit Card Reform 2010 – Predatory Lending
- Consumer Credit Card Protection Law 2010′ – A Blessing or Curse?
- Credit card Reform 2009-2010
- New Credit Card Rules Effective February 22, 2010 (PDF file, 2MB)
