Friday, February 26, 2010 - 7:49 AM

Credit-Card Laws' Unintended Consequences [TheStreet]

The Credit CARD Act took effect this week, putting protection in place for consumers. But the law has resulted in unexpected fallout that might hurt more than it helps.

Two of the unintended results listed are probably familiar with many here: 1) new fees (like the new annual fees at Citi) and 2) reduced rewards.

KenBDG5,146 posts since
Nov 29, 2009
Rep Points: 117,062

1. Friday, February 26, 2010 - 11:10 AM

maybe we consumers will get a clue, and the CC providers will have maneuvered themselves right out of business.

Anonymous963 posts since
May 9, 2010
Rep Points: 1,953