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Thursday, December 10, 2009

How Banks and Credit Card companies are Dodging Reform

Congress recently passed a major credit card reform bill, but the prospect of its taking effect has only spurred credit card companies to devise new ways to dodge reform and unfairly strip funds from their customers.
Check out this video:
http://www.youtube.com/watch?v=FTy0i--1zlo&feature=player_embedded

CRL's report, "Dodging Reform: As Some Credit Card Abuses Are Outlawed, New Ones Proliferate," finds eight hidden practices that will survive the new law as well as new rules from the Federal Reserve Board.

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