What You Need to Know: New Credit Card Rules
New Credit Card Rules
The Federal Reserve’s new rules for credit card companies mean new credit card protections for you. Here are some key changes you should expect from your credit card company:
- Notices when they plan to increase your rate or other fees
- Detailed billing including how long it will take to pay off your balance
- Additional changes to billing and payments including no double billing
- Protections for consumers under 21 including requirement of a co-signer
- Caps on high card fees and restrictions on interest rate increases
These are just a few of the new credit card rules. Visit the Federal Reserve for a complete list as well as explanation of how it affects you and tell us what you think.
http://www.federalreserve.gov/consumerinfo/wyntk/creditcardrules.htm
The People’s Place | The Anita Estell Blog
www.anitaestellblog.com
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