NO MORE Mortgage and Credit Cards
NO MORE Mortgage and CARD
NO MORE Mortgage waits to see what the national effect is going to be on the legislation of Credit Card Accountability, Responsibility , and Disclosure act of 2009.
Consumer advocates and a banking-industry association are pointing to
bank regulations signed into law in May as the catalyst for a host of
new fees instituted on consumer credit cards.
The legislation, known as the Credit Card Accountability,
Responsibility, and Disclosure Act of 2009, Â (CARD), places new
restrictions on credit card lending and eliminates some fees –
including the over-the-limit fee — which banks have traditionally
charged consumers who break through spending limits……
For the rest of the story please visit www.foxbusiness.com
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Filed under News by on Aug 19th, 2009.
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