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Legal Commentary

: LawPundit

Final Stage of New U.S. Credit Card Rules under the Credit Card Act now goes into effect August 22, 2010: What You Need to Know

By Andis Kaulins

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At the New York Times, Jennifer Saranow Schultz reported earlier this year on What the Credit Card Act Means for You.

Candice Choi of the Associated Press at MSNBC.com now reports that:
"The final stage of consumer protections signed into law earlier this year go into effect Aug. 22. Yet they only curb select practices; other fees and charges still abound."
Read what she writes about the new protection as also the gaps to watch for regarding penalty fees, rate hikes and inactivity fees.

The government website of the Federal Reserve Board discusses What you need to know: New Credit Card Rules Effective Aug. 22.

Full post as published by LawPundit on August 22, 2010 (boomark / email).

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