Starting Thursday, Credit Card Users Get More Rights
By Nancy Trejos Washington Post Staff Writer  | Tuesday, August 18, 2009

The first phase of the landmark credit card legislation signed byPresident Obama in May will take effect this week, forcing card issuersto give consumers more time to pay their bills and to consider interestrate increases.
Starting Thursday, issuers must give customers 45 days' noticebefore raising their interest rates, instead of 15 days as previouslyrequired. Customers can then choose to pay what they owe at theoriginal rate over time but will not be able to use the card for futurepurchases...

Continue Reading at Washington Post

Posted by John B. Frank Tuesday, August 18, 2009

0 comments

Payments Industry News Blog

Search the PIN Debit Blog by Subject

Kapersky Calls for Mass Adoption of Card Readers

Kapersky Calls for Mass Adoption of Card Readers