The 2009 Credit Card Accountability Responsibility & Disclosure [CARD] Act went into effect on February 22, 2010, and will result in many changes regarding credit card policies. Some of the things to watch out for are:
- a return of annual fees
- disappearance of the “grace period”
- new fees for services not specifically banned in the law
- rate hikes for all
- lower credit limits
The Center for Financial Social Work is hosting a *free* webinar on Wednesday, March 10, 2010 at 2pm EST. This is an opportunity for you to learn all about ‘the good, the bad, and the ugly’ of how the credit card reform will impact your life. To register, send an email to 1financialsocialwork@gmail.com with “FREE Credit Card Reform Webinar” in the subject line.
You can also check out this informative video about the new law from www.plentii.com:
{ 2 comments… read them below or add one }
Lora! Thanks for posting one of our videos! The team at http://plentii.com/ loves your site as well.
all best,
Tranq Jones
President, Plentii
Tranq, Thanks so much! I’m loving plentii too!