Friday, May 22, 2009

New Credit Card Laws

I found the following article on walletpop.com and thought it was very interesting. Let's hope President Obama will get it passed by the end of May, as he plans to do.

http://www.walletpop.com/credit/credit-cards/article/_a/bbdp/what-the-cardholder-law-means-to-you/490579?icid=mainmaindl5link7http%3A%2F%2Fwww.walletpop.com%2Fcredit%2Fcredit-cards%2Farticle%2F_a%2Fbbdp%2Fwhat-the-cardholder-law-means-to-you%2F490579

One thing the article doesn't mention is how much one person can have in available credit. I think that's the real issue with Americans today. We build up so much credit card debt, because credit card companies don't have a good program in place to stop you from getting more credit. There needs to be something in the law about that. Maybe I'll send a letter to President Obama with my opinion?

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