New Credit Card Laws, This Week’s Money Saving Tip

February 22nd, 2010 admin

The Credit C.A.R.D Act of 2009 is now in effect, beginning Monday February 22. With the consumer protection it provides, the new rules are, “…shifting the balance of power back to the consumer and… holding the credit card companies responsible,” as President Obama said in a statement earlier this week. One C.A.R.D. Act rule in particular has the potential to save you a substantial amount of money. Your credit card company is now obligated, by law, to tell you how long it will take to pay off your outstanding balance. As you may be …


Originally posted on Billshrink

 
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