Consumer Payment Card News

Card Guide

A new and free “Guide to Credit Cards” has been released by the largest banking trade association in the country. The new guide comes amidst a major overhaul by federal regulators of credit card disclosures and growing legislative pressure for the credit card industry to reform some of its sharp business practices. The new document from the American Bankers Association is designed to help cardholders and applicants better understand the specifics of credit card use and other important topics, such as late payments and minimum payments. For more information: “http://www.aba.com/aba/documents/press/ccguide_62207.pdf”:http://www.aba.com/aba/documents/press/ccguide_62207.pdf

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