New Rules to Restrict Predatory Consumer Credit Practices - Lexington Law® Highlights a Big Win

New Rules to Restrict Predatory Consumer Credit Practices - Lexington Law® Highlights a Big Win for Consumers When It Comes to Maintaining Healthy Credit A new set of rules have been signed into law which will restrict some of the more predatory practices of credit card issuers starting mid-2010. Under these rules, credit card issuers will no longer be able to raise interest rates on existing credit card balances without justification. Cardholders will need to be 60 days behind on a payment before issuers can increase rates on exiting balances, and even then
Contributor
PR Web
PR Web
Lanham, Maryland
Law Marketing
1.800.345.5572
About
PRWeb, a leader in online news and press release distribution, has been used by attorneys, law firms and more than 40,000 organizations
Download

Related Documents in PR Web
MCLE Sales

Categories