credit card laws

Will New Credit Card Rules Cause a Spike in Bankruptcy?

by Jonathan Ginsberg, Atlanta Bankruptcy Attorney

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 [...]