Banking Laws Go into Effect : Credit Card

MEMPHIS, Tenn. – This week, new federal laws went into effect, to help banking customers keep more of their cash. It was good news for consumers but bad news for banks. The law went into effect Thursday, July 1st; a new federal law, saying, national banks can no longer charge over draft fees to their [...]

Credit card rules leave users vexed

Ten months ago, President Obama signed into law a package of measures – known as the Credit CARD Act – intended to give consumers more information about and control over their relationships with credit card companies. And last month, most of the legislation’s key elements went into effect. The Cape Cod Times conducted an unscientific [...]

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