restrictions

How will the new credit card rules affect consumers?

Posted May 19, 2009 - 18:17 by Xin Lu

Credit Cards, Consumer Affairs

Today a new bill was passed by the U.S. Senate with the intent of restricting abusive practices in the credit card industry. A House bill was passed on May 12th and will be reconciled with the Senate version and President Obama hopes to sign it before Memorial Day. So what does this bill contain and what does it mean for consumers?

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