Credit CARD Act: What Consumers Should Know The Credit CARD Act takes effect on February 22. This law offers several benefits for credit card users. However, it also includes gaps and loopholes. Because of this, consumers must stay alert. Consumer attorney Lauren Bowne from Consumers Union has closely followed the law. She warns that cardholders […]

When you enter a PIN to pay with your debit card, you help the store save money. In many cases, you also help yourself in the long run. We recently changed how we pay for everyday purchases. Whether we buy groceries or hardware supplies, we choose debit and enter our PIN. We avoid the credit […]

The first phase of the Credit Card Accountability Responsibility and Disclosure Act (aka Credit Card Act) goes into effect February 22, 2010. The new law will require certain disclosures to all credit card consumers. The following disclosures must be present on every monthly statement sent to credit card borrowers: 1.The total number of months it […]