Credit Card Accountability, Responsibility and Disclosure Act (“CARD”)

This post will serve as a follow-up to the August 21, 2009 post regarding new CARD laws.  On February 22, 2010 the next wave of CARD laws go into effect.  The new enactments focus on credit card laws and regulations to improve consumer awareness and financial management.  The four (4) principal changes going into effect on […]

CARD – Consumer protection against credit card abuses

As of today, August 20, 2009 the first provisions of the Credit Card Accountability, Responsibility and Disclosure Act (“CARD”) go into effect.  CARD is designed to protect consumers against credit card abuses, including high fees, penalties and provide additional notice procedures.  There are two primary changes going into effect today, discussed below. Change #1. Under […]