Your Credit Card Bill of Rights Kicks In Today
You probably aren’t used to seeing headlines like this come out of Washington:
- "Consumers to benefit as credit card law debuts" (Reuters)
- "Upcoming credit card changes can help you take charge" (Dallas Morning News)
- "Credit card relief: Phase one" (CNNmoney)
- "Card Users, Take Heart: One Penalty Is Vanishing" (New York Times)
Austan Goolsbee of President Obama's Council of Economic Advisers talks about the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 - also known as the Credit Card Bill of Rights - which the President signed in May and which starts kicking in today. Watch the video to get a taste of the types of credit card headaches you won't have to deal with anymore.
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Goolsbee did a thorough interview on this legislation around the time of the signing with the Consumerist, for more information go check it out.
Related Topics: Economy
