Real estate blog entries tagged with credit cards by Kirk Williams (Private Venture Capital )

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Home : Blogs : Kirk Williams : Kirk's Blog, star date 0711.08 : Tag "credit cards"

credit cards: Credit Card Reform begins 02/22/2010.... - 01/15/10 11:26 AM

We know what the credit card issuers have been doing but according the FED they have cleaned up and pushed out the final REG Z wording that will be implemented February 22, 2010.
"The rule bans several harmful practices and requires greater transparency in the disclosure of the terms and conditions of credit card accounts."
Among other things, the rule will:
Protect consumers from unexpected increases in credit card interest rates by generally prohibiting increases in a rate during the first year after an account is opened and increases in a rate that applies to an existing credit card balance. Prohibit … (2 comments)

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Kirk Williams

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