Jul 15
A new set of rules have been signed into law which will restrict some of the more predatory practices of credit card issuers. Under these rules, credit card issuers will no longer be able to raise interest on existing credit card balances without justification. Cardholders will need to be 60 days behind on a payment before issuers can increase rates on existing balances and credit card issuers will be required to restore previous rates if a cardholder pays the minimum payment on time for six mon
