Now that you’ve read the 11 Mistakes to make on a Credit Card (Parts One and Two), you should know that Congress has tried to rein in these practices. With the crisis in credit, focus has fallen on the credit card companies and the abuse they perpetrate on the consumer. The legislation prohibits or limit a number [...]
bill-of-rights
On September 23, 2008, the Credit Cardholders Bill of Rights (HR 5244) passed the House of Representatives by a 312-112 vote. The Credit Cardholders Bill of Rights is an important consumer bill, offering significant changes to federal statutes that help protect consumers in credit transactions. Among the improvements included in the bill are:
