Congress may accelerate implementation of the Credit Card Act of 2009

Posted on September 25, 2009 by Veronica McGregor

The Credit Card Act of 2009 was set to go into effect in February, 2010, but Congressman Frank and Congresswoman Maloney want it to go into effect December 1, 2009.

The two Democrats said on Wednesday they will introduce legislation to advance the implementation date to December 1 for the regulations limiting credit card interest rates and fees.

  See http://tinyurl.com/yeenyud
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