Credit card reform to protect consumers

Source: Robert Flashman, UK family resource management specialist

While a couple of provisions from the Credit Card Accountability, Responsibility and Disclosure Act of 2009 were implemented in August, more reform is in the near future.

Aimed at helping struggling families in the tough economy, the Credit CARD Act was signed into law in May.

Over the next year, more provisions will be phased in and change the way companies market, manage and issue credit cards.

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