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New Credit Card Rules Effective August 22, 2010

New Credit Card Rules

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

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