Sunday, February 07, 2010

Information Available on New Credit Card Rules

The Federal Reserve's new rules for credit card companies mean new credit card protections for you. It can also mean some significantly higher minimum payments, non-activity fees, or even card cancellations if you don't agree to accept certain changes. Here are some sites to go to where you can learn about key changes you should expect from your credit card company beginning on February 22, 2010.

http://www.creditsourceonline.com/card-act.html

http://www.bankrate.com/finance/credit-cards/tough-luck-on-minimum-payment-increases.aspx

http://www.federalreserve.gov/consumerinfo/wyntk/creditcardrules.htm

http://www.creditcards.com/credit-card-news/credit-card-law-interactive-1282.php

http://www.whitehouse.gov/the_press_office/Fact-Sheet-Reforms-to-Protect-American-Credit-Card-Holders/

http://banking.senate.gov/public/_files/051909_CreditCardSummaryFinalPassage.pdf

http://www.consumerismcommentary.com/2009/05/21/congress-passes-credit-card-act-of-2009-now-what/

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