Types Of Credit Cards.Com » Credit Card Bill Of Rights http://www.typesofcreditcards.com The Credit Card News Blog Fri, 03 Sep 2010 05:53:57 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Credit Card Bill of Rights Coming? http://www.typesofcreditcards.com/2009/05/credit-card-bill-of-rights-coming/ http://www.typesofcreditcards.com/2009/05/credit-card-bill-of-rights-coming/#comments Thu, 07 May 2009 18:06:48 +0000 admin http://www.typesofcreditcards.com/?p=30 There have been whispers and statements in some circles, now it seems a Credit Card Bill of Rights will truly become a reality soon.

In short the Credit Card Bill of Rights will seek to protect consumers from predatory practices, with the main objectives being:

  1. To make it harder for banks to raise rates on their credit cards.
  2. To mandate that terms and conditions be visible and in plain language.

We’ll be watching this one closely!

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