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New Credit Card Laws Taking Effect This Week

New Credit Card Laws Taking Effect This Week - The Beacon


By: Beth

New Credit Card Laws Taking Effect This Week

The Credit Card Accountability, Responsibility, and Disclosure Act (CARD) has been the source of excitement, debate, and criticism since it was announced last year.  Today, some new laws go into effect. In response to the CARD Act, my credit card company has been sending information about my account, alerting me of applicable changes.  Do you know what to expect from your credit card company?

Your BBB recommends contacting the company for details.  For more information, read related blog posts and news stories below.

From our blog:

New Credit Card Regulations Kick In; BBB explains what it means to you 

Recent news stories:

What to know, from The Huffington Post (Feb, 22, 2010)

New traps from the Wall Street Journal (February 20, 2010) 

Loopholes to know about, according to the Washington Post (February 21, 2010) 

CNN weighs in, from a small business perspective (February 22, 2010) 

Unintended consequences from (February 22, 2010)

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Beth was Director of BBB Services and wrote for the consumer education blog from 2008 to 2011. Beth also managed projects of the Tri-State Better Business Bureau Foundation, including the Student of Integrity Scholarship and senior citizen education programs, and she worked with local charities as a part of our charity reporting service.