Fed creates stronger credit card regs
Jan. 14th, 2009 12:53 pmIf you feel like credit card companies are screwing the consumer, you'll be happy to know that the government has heard some of your complaints. You may have noticed that your interest rates skyrocket for no apparent reason, you get bizarro fees with little notice, or you only have 2 days to pay your bill once you receive it. The government has created rules for credit card issuers to curb many of these practices, though for some reason the new rules won't take effect until sometime in 2010.
clicky for more information
clicky for more information