Obama hails new credit card rules

Starting today, credit card companies have to give you ample notice if they change credit card rules.

"These new rules don't absolve consumers of their obligation to pay their bills," President Obama said today in hailing the effective date of legislation he signed back in the spring. "But they finally level the playing field so that every family and small business using a credit card has the information they need to make responsible financial decisions."

Read Full Article from USA Today

- Posted: 2010-02-22 11:24:43

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