Daily Archives: February 21, 2010

New Credit Card Laws

Credit CARD Act of 2009

On Monday, the credit card reform act takes effect. It’s called the Credit Card Accountability Responsibility and Disclosure Act of 2009 also referred to as the Credit CARD Act of 2009. While it prevents some of the evil practices by these companies, it still leaves loopholes you should be aware of.

Make sure you read the fine print on your credit card statements and any mailings you received from the companies. They will try to find any way to nickel and dime you, so empower yourself with knowledge.

Click here to read all of the details of the act.