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New Credit Card Rules for 2010: Change Is in the Cards

New Credit Card Rules for 2010: Change Is in the Cards

With consumer credit card debt peaking in recent years, lawmakers have taken steps to ensure people know what they’re getting into before they sign up for a new credit card — and that they understand the financial impact of their credit card balances. A number of key protections for credit cardholders took effect in February. The new safeguards put limits on annual percentage rate (APR) increases for many cards, and set tighter restrictions on “over the credit limit” fees charged…

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