Various reforms are being introduced by the CARD Act for the credit card industry. For consumers there are many good news but there are many bad news as well. The most important change is that as banks would not be allowed very aggressive tactics anymore, there could be higher fees and charges now so that they can compensate for their losses. [Read more…]
CARD Act Brings Good News for Credit Card Holders
The Credit Card Accountability Responsibility and Disclosure Act, or the CARD Act, is good news for all credit card holders. The act contains many provisions which are beneficial to card holders, especially pertaining to revision of interest rates by the lender. [Read more…]
