REPORT: CREDIT CARD LAW AIDS TRANSPARENCY

A report released yesterday by nonprofit research group Center for Responsible Lending said that the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CreditCARD Act) has made billions of dollars in charges more transparent for consumers, which should help lower costs over the long term, the Wall Street Journal reported. The report examines the impact of federal credit card rules on consumers one year after many of the new rules mandated by the CreditCARD Act were put in place. To recoup lost revenues, banks have rolled out new fees since passage of the CARD Act.


http://dizzy.abiworld.org/t/1516236/201584/6832/0/