What Will the New Credit Card Legislation Do For You? By Kathleen Munden

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On May 22, 2009, President Obama signed into law the Credit Card Accountability, Responsibility, and Disclosure Act. As noted in our blog article on July 28, 2009, certain provisions of that act go into effect in 2010 concerning the disclosures that must be made on credit card statements. Other provisions that regulate how credit card issuers can increase rates, charge certain fees, and calculate interest charges are also included in the legislation. Among those changes....

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