Long overdue rules go into effect today to eliminate some of the worst credit issuer abuses. We’ll see: Payments due the same date each month. No double-billing. 45-day notification of rate or other significant changes. No interest rate increase for the first 12 months (excluding variable-rate cards, the expiration of teaser rates, and delinquent payments). [...]
Entries Tagged as 'minimum payment calculation'
The New Math: Credit Card Cleanup Means Higher Rates
February 22nd, 2010 1 Comment
Tags: CARD Act · credit cards · interest rate · minimum payment calculation
