Industry News

Fresh off the implementation of new rules for credit card companies, the Federal Reserve has proposed a new round of rules to govern the industry.

The new proposals, announced March 3, 2010, would further restrict the billing practices of credit card companies and protect the interests of consumers. The proposed measures would: Read More

The credit card industry will see major changes with the arrival of the Credit Card Accountability, Responsibility and Disclosure Act of 2009, of which most of the provisions take effect Feb. 22.  The new rules will have a big effect on the way that credit card companies can charge interest and set interest rates.

Some of the things to look for: Read More

The Credit Card Accountability, Responsibility and Disclosure Act of 2009, of which most of the provisions take effect Feb. 22, will force credit card issuers to give cardholders more information about their accounts. These new disclosure rules can help the individual cardholder make better and more informed choices about an account. Read More