On February 22, 2010, a number of new regulations will go into effect requiring changes in the business practices of credit card issuers. These new rule, part of a law called the Credit CARD Act of 2009, includes several provisions designed to benefit consumers, including: limits on interest rate hikes on existing balances a 45 [...]
credit card default
Having been hit by the mortgage crisis, and increasing defaults, banks looking to increase profits, or decrease losses, are trying harder to get money owed to them, faster. Banks are putting people to work collecting, as opposed to lending. They are contacting you earlier if you are late on a payment. Banks are making some [...]
