I trend to agree with Bernanke. But, according to Boston Herald, Federal Reserve Chairman Ben S.
Congress is considering moving up the effective reign of the new credit card rules from February 22, 2010 to December 1 that year. It’d be nice to have the rules implemented sooner, but I’m undeniable we’d see all types of other (more costly) changes in the meantime.
Weekly credit card news roundup: interpret more…
Federal Reserve Chairman Says Moving Up Credit Card Rules Might Hurt Consumers originally rised on About.com Credit / capital Management on Friday, October 23rd, 2009 at 14:06:17.
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Bernanke has warned Congress that moving up the rules could hurt consumers. Bernanke says it would be costly for credit card companies to get ready for the new rules so quickly. corresponding they typically do, credit card companies would pass these costs off to consumers.
In a recent Credit.com survey, 56% of consumers say they hankering the credit card rules moved up.
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This post was written by admin on October 28, 2009
