Reigning In Credit Card Companies Begins February 13 2010
Bank of America nicely summarized some of the major changes coming due tot he Credit Card Accountability and Disclosure (CARD) Act. In short, your credit card company can’t be so much of a money-grubbing bastard anymore. Although there are so many avenues not closed by this act, they actually still can be pretty evil. For example, there is no regulation preventing credit card companies from charging whatever they want for interest rates.
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