New Credit Card Rules Full of Loopholes and Leading to Higher Fees
October 7, 2010 - Recently, new credit card rules went into effect that are supposed to limit the fees that banks can charge along with new rules for implementing interest rate changes. But lenders are smart, and with the new rules, most lenders changed their business policies to help them maximize their profits. This past week, CBS ran a very interesting and informative segment on the new rules, how banks are handling them, and what consumers need to do to protect themselves.
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