Posts Tagged ‘card act reform’:


Credit Card Companies’ New Fees Sneak Around Laws

Published by Walter D on June 7th, 2010

Have you ever opened up your credit card statement an felt completely baffled as to where in the world all of the random fees and differing interest rates were coming from? Ever felt like despite making payments on time, that balance just NEVER seemed to budge? Well, you really weren’t going crazy…for years credit card companies have had tactics that have been very difficult, too difficult, for consumers to understand. Due to this lack of understanding, it was far too easy for consumers to make unwise moves with their cards which was costing them money…a lot of money. Credit card companies

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CARD Act Reform: Included in your Monthly Statement Part 3

Published by Jared W on March 10th, 2010

I have written two previous sections, about what is included in your monthly statement according to new rules enacted by the Credit Card Act of 2009. This next portion that lawmakers have included, I’ll admit, is one of my favorites. It is particularly helpful to Credit Card consumers who may be confused about when exactly the companies have to receive their payments so that they, as consumers, can avoid late fees. The third thing Credit Card Companies are now required to put on the monthly statement, billed to consumers, is the date on which you will be charged a late

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