Credit Card Reform: What Would Have Been Cool
Posted in Uncategorized on Dec 30th, 2009
From the July 2009 Issue of Money Magazine Page 18 Congress enacted the Credit Card Accountability Responsibility, and Disclosure Act in May. The law curbs egregious practices like 14-day payment windows and retroactive rate hikes. The new regulations are progress, but they don’t go far enough. Blame the powerful banking lobby, which succeeded in watering [...]


