Congress passed the Credit Card Accountability Responsibility and Disclosure Act in May 2009.
While some of the changes became effective last fall, the majority started February 22, 2010, with others not effective until August 2010.
The new credit card law addresses interest rate increases, penalties, and fees.
For more information on the Credit Card Accountability Responsibility and Disclosure Act of 2009, read the
The new credit card law will implement the following changes: