On February 22, 2010 the new regulations of the Credit Card Act of 2009 went into effect. Most of the new regulations are a benefit for consumers as no longer will the credit card companies be able to increase interest rates on existing balances, modify payment due dates and other questionable practices that were widespread in the past. However, customers need to be particularly alert now about additional charges that could concern them because profits are down for the credit card companies in part due to the latest rules and also due to the lingering recession that is causing individuals to rely more on cash and less on credit. Read the rest of this article...
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