http://www.wfpl.org/2008/12/18/new-credit-card-rules-approved/ Louisville's NPR News Station Wed, 08 Feb 2012 21:27:02 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.wfpl.org/2008/12/18/new-credit-card-rules-approved/#comment-112 Enddebtslavery’s Blog Fri, 19 Dec 2008 19:30:32 +0000 http://www.wfpl.org/?p=2990#comment-112 [...] In a previous article on this subject I wrote what to expect by way of change for credit card users. To recap, The bank can still play loan shark by charging you usurious rates, the difference is come July, 2010, that’s right, more than one year away, they will have to give you notice, and will only be able to charge the usury rate, although legal, on new charges, not past balances, (before the effective date of the notice). Here is the link to an article: NEW CREDIT CARD RULES. [...] [...] In a previous article on this subject I wrote what to expect by way of change for credit card users. To recap, The bank can still play loan shark by charging you usurious rates, the difference is come July, 2010, that’s right, more than one year away, they will have to give you notice, and will only be able to charge the usury rate, although legal, on new charges, not past balances, (before the effective date of the notice). Here is the link to an article: NEW CREDIT CARD RULES. [...]

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