
Credit Laws Change Against Unfair and Deceptive Credit Card Practices
December 20, 2008
Steps have been taken by the Federal Reserve, the Office of Thrift Supervision, and the National Credit Union Administration to change behaviors and practices by Credit Card companies by July 1, 2010; The net result will prohibit: Raising interest rates on existing balances unless payments are greater than 30 days late Charging Late Fees if […]