New Credit Card Laws

New rules governing credit card companies went in to effect Monday, February 22, 2010.  To find out how the new laws will affect you, the Federal Citizen Information Center created these summaries and explanations:

  • -A good place to start – the Gov Gab blog entry on the subject
  • -Learn about the new features on your credit card statement, calculate how long it’ll take to pay off your card balance and more on the new interactive Credit Cards website from the Federal Reserve Board
  • -Besides changes in credit statements, your prepaid gift cards will experience some adjustments as well, including extended expiration dates and limits on fees