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  1. #1
    Join Date
    Aug 2009
    Posts
    5

    Default New Credit Card Legislation Passed

    Hello!

    Can any one tell me about- or some good website links- that refer to this new "sweeping" credit card relief law that Obama signed into law?

    All I know is-
    - it doesn't go into effect until July of 2010- next year.
    - I only have heard parts of it- such as- a non- universal default clause.
    So if you are behind on a few of your cards with OTHER card companies- they can't raise your int rate or effect YOUR card because of it.

    -What is it called?
    - Any good links for more info on it?

    Will it cause a fever-feeding-frenzy by credit card companies?
    What adverse revenge reactions are we likely to expect?

    Thanks so much!
    artcat20

  2. #2
    Join Date
    Sep 2005
    Location
    Behind a Desk
    Posts
    98,846

    Default Re: New Credit Card Legislation Passed

    There's a ton of stuff that you can find with Google.

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