Later this month, the much-ballyhooed Credit Card Accountability Responsibility and Disclosure Act of 2009 (also known as the Credit CARD Act; get it?) goes into full effect. While many consumer advocates are hailing the new rules as groundbreaking, there are some downsides, loopholes, and caveats you need to know about. Here is a rundown of some of the key provisions and what to watch out for....
Read the entire article.