Weekly Tip Sept 04: New Rights for Credit Card Holders

<span>Weekly Tip Sept 04:</span> New Rights for Credit Card Holders
  • Opening Intro -

    Consumers have new rights under the Credit Card Accountability Responsibility and Disclosure Act.

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New rules designed to protect consumers are being rolled out in steps with full changes taking place in February 2010.


What You Should Know

Credit card issuers are required to adopt reasonable procedures designed to ensure that consumers’ statements are mailed or delivered at least 21 days prior to the payment due date and the date on which any grace period expires; and ….

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