Credit Card Users to Gain Relief from New Law?
July 17, 2010 – 10:38 amCredit Card Regulation to Tighten?
Last Thursday, the U.S. Senate followed the House’s earlier lead when it passed the new financial reform bill. The law will now go to the President for signature, but some are warning that it could be years before credit card users see much benefit.
Certainly, banks and other card issuers were worried that this new round of credit card regulation could hurt them. A New York Times editorial last Thursday reported figures from the Center for Responsive Politics that estimated that $600 million had been spent by the financial sector in attempts to weaken the bill’s provisions. Of
Tags: Credit Card, Law