Understanding the new credit card rules
credit cards
Must-know credit card rules

Credit cards Credit card disclosures, offers and industry practices have undergone a major overhaul thanks to a host of credit card rules from legislation, Federal Reserve regulations and the Dodd-Frank Act. A law known as the Credit Card Accountability, Responsibility and Disclosure, or CARD, Act changed many industry practices, including card issuers' ability to charge overlimit fees, impose rate hikes and implement certain account changes swiftly. New Federal Reserve regulations made credit card disclosures more informative, and part of the Wall Street reform bill will cause some consumers to receive a free credit score.

What does it all mean for the cards in your wallet? Bankrate.com explains how the reforms affect you.

 

Videos

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
Product Rate Change Last week
Balance Transfer Cards 15.73% --0.00 15.73%
Cash Back Cards 16.43% --0.00 16.43%
Low Interest Cards 10.98% --0.00 10.98%
 
Search
advertisement
CREDIT CARDS WEEKLY NEWSLETTER
Credit cards on a table

Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.

advertisement

Credit Card Blog

Jeanine Skowronski

Data breach alert: CurrentC

Bad news for the Apple Pay rival: Hackers have obtained pilot program users' email addresses.  ... Read more

Partner Center
advertisement

Connect with us