Comments on: Credit Card Reform Passed and What it Means to You http://www.faslip.com/credit-card-reform-passed-and-what-it-means-to-you/ Financial Advice Simplified Learn Invest Prosper Tue, 20 Apr 2010 16:24:36 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: FasLip » New Credit Card Reform Rules Begin http://www.faslip.com/credit-card-reform-passed-and-what-it-means-to-you/comment-page-1/#comment-12343 FasLip » New Credit Card Reform Rules Begin Mon, 22 Feb 2010 17:04:46 +0000 http://www.faslip.com/?p=448#comment-12343 [...] New Credit Card Reform Rules Begin February 22nd, 2010 Matt Leave a comment Go to comments Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic.Powered by WP Greet Box WordPress Plugin    Today February 22, 2010 the first phase of the Credit Card Accountibility and Responsibility Disclosure act goes into affect. Given the time banks had from when the law was actually passed last year many consumers have already been hit with new fees and higher interest rates but as many things government it is better than nothing. And to be fair it does create some real consumer protections on a going forward basis that did not previously exist. For the details of what rules are active today and when the remaining rules phase in click this link, credit card reform passed and what it means to you. [...] [...] New Credit Card Reform Rules Begin February 22nd, 2010 Matt Leave a comment Go to comments Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic.Powered by WP Greet Box WordPress Plugin    Today February 22, 2010 the first phase of the Credit Card Accountibility and Responsibility Disclosure act goes into affect. Given the time banks had from when the law was actually passed last year many consumers have already been hit with new fees and higher interest rates but as many things government it is better than nothing. And to be fair it does create some real consumer protections on a going forward basis that did not previously exist. For the details of what rules are active today and when the remaining rules phase in click this link, credit card reform passed and what it means to you. [...]

]]> By: Scott Taylor http://www.faslip.com/credit-card-reform-passed-and-what-it-means-to-you/comment-page-1/#comment-10140 Scott Taylor Wed, 16 Sep 2009 20:39:06 +0000 http://www.faslip.com/?p=448#comment-10140 Matt, excellent points on the changes in credit cards. I think the banks have sped up their repricing and credit line decreases to meet the deadlines. Do not be surprised if banks come up with new revenue streams with fees. I would imagine that they are even contemplating charging for the actual card (I know a lot of the subprime issuers ..not many left) do that today. I would also suspect that they may build some fee structure in for actually talking to a customer service rep vs using the IVR or internet. Great job! Matt, excellent points on the changes in credit cards. I think the banks have sped up their repricing and credit line decreases to meet the deadlines. Do not be surprised if banks come up with new revenue streams with fees. I would imagine that they are even contemplating charging for the actual card (I know a lot of the subprime issuers ..not many left) do that today. I would also suspect that they may build some fee structure in for actually talking to a customer service rep vs using the IVR or internet.

Great job!

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