Personal Finance Tip of the Day

Handy Law Answer Book
ISBN: 9781578592173

Didn't the U.S. Congress just pass a new law on credit cards?

  • Yes, it aims to curb abuses in the credit industry.
  • It requires credit card companies to give notice in advance of interest increases.
  • It distributes payments to higher-interest balances first.
  • It allows for consumers to learn when they approach their credit limits.

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