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: V.U.Lawcity - The Valpo Law Blawg

New Credit Card Rules Approved

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Last week, the Federal Reserve Board gave final approval to an interim rule requiring creditors to increase the amount of notice consumers receive before the rate on a credit card account is increased or a significant change is made to the account's terms. The amendments also allow consumers to reject such increases and changes by informing the creditor before the increase or change goes into effect.

A link to the press release with more information.

The Federal Register notice concerning the rule.

Full post as published by V.U.Lawcity - The Valpo Law Blawg on July 20, 2009 (boomark / email).

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