Video: New Credit Card Law Takes Effect

Thom Fox at Cambridge Credit Counseling has shared some eyebrow-raising points regarding The Credit Card Accountability Responsibility and Disclosure Act, or CARD Act, of 2009.  These changes, once begun, will help shield credit card holders from the effects of, massive interest rate increases, confusing payment terms and bank fees that have made paying off debt very challenging  for many people. Thom notes while some of the provisions have already gone into effect, several more important changes are set to take place on February 22, 2010.