A Look at Proposed Changes to Credit Card Regulations
Curtis Arnold writes for CardRatings.com about the Federal Reserve's proposal to amend Regulation Z (announced on May 23) to "improve the effectiveness of the disclosures consumers receive in connection with credit card accounts and other revolving credit plans by ensuring that information is provided in a timely manner and in a form that is readily understandable." The Fed is asking for public comments on the proposal - which must be received on or before October 12, 2007.
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