http://www.mycreditgroup.com/blog/your-new-credit-card-rights-part-2/ Mon, 24 May 2010 22:32:53 +0000 hourly 1 http://wordpress.org/?v=3.0 http://www.mycreditgroup.com/blog/your-new-credit-card-rights-part-2/comment-page-1/#comment-23465 American gold coins Mon, 23 Nov 2009 07:39:19 +0000 http://blog.mycreditgroup.com/?p=366#comment-23465 In May 2008, the Federal Reserve Board along with the Office of Thrift Supervision and the National Credit Union Adminstration announced new rules that would eliminate many predatory pratices in the credit industry. On December 18, 2008 the Federal Reserve voted to end many unfair credit card practices. However, the new rules didn't make it through the Senate before the 110th session of Congress ended.Fortunately, the rules were amended and renamed to the Credit Card Accountability Responsibility and Disclosure Act of 2009 or the Credit CARD Act of 2009. The law was revoted and passed in both the House and the Senate. President Obama signed the legislation on May 22, 2009, making it part of the Truth in Lending Act. In May 2008, the Federal Reserve Board along with the Office of Thrift Supervision and the National Credit Union Adminstration announced new rules that would eliminate many predatory pratices in the credit industry. On December 18, 2008 the Federal Reserve voted to end many unfair credit card practices. However, the new rules didn’t make it through the Senate before the 110th session of Congress ended.Fortunately, the rules were amended and renamed to the Credit Card Accountability Responsibility and Disclosure Act of 2009 or the Credit CARD Act of 2009. The law was revoted and passed in both the House and the Senate. President Obama signed the legislation on May 22, 2009, making it part of the Truth in Lending Act.

]]> http://www.mycreditgroup.com/blog/your-new-credit-card-rights-part-2/comment-page-1/#comment-23266 Credit Cards » Blog Archive » Your New Credit Card Rights, Part 2 MyCreditGroup.com | Credit … Mon, 29 Jun 2009 07:15:30 +0000 http://blog.mycreditgroup.com/?p=366#comment-23266 [...] Barry Ritholtz wrote an interesting post today onHere’s a quick excerptRight now, your credit card is subject to the Truth in Lending Act, and it says that you get a 15-day heads up before your credit card company increases your rate. This is problematic for a couple of reasons. … [...] [...] Barry Ritholtz wrote an interesting post today onHere’s a quick excerptRight now, your credit card is subject to the Truth in Lending Act, and it says that you get a 15-day heads up before your credit card company increases your rate. This is problematic for a couple of reasons. … [...]

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