NEW YORK (8/24/09)--The New York Times cited the Credit Union National Association's (CUNA) Credit Union Finder website and credit unions' lower interest rates on credit card balances in a recent article.
With new credit card rules in effect Thursday under the Credit Card Accountability, Responsibility and Disclosure (CARD) Act, many credit card companies quickly made changes to their policies to get ahead of the rules. Under the CARD Act, financial institutions must give cardholders 45 days before increasing their interest rates or changing card terms.
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Courtesy of cuna.org
Monday, August 24, 2009
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