Credit card reform law's first phase kicks in Aug. 20

Opting out, 45 days' notice are new rights granted by card reform law

The new Credit CARD Act includes the most significant changes in how credit cards are marketed, advertised and billed in more than three decades.

Here are helpful links to how the new law will impact credit cardholders and credit card issuers.

Cardholders gain right to get 45 days' notice of changes, and to opt out of them

The first phase of the Credit CARD Act begins Aug. 20, 2009, and from this day forward, cardholders will have the right to opt out of interest rate hikes and fee increases. Read more about the new provisions in this story ... (more) 


Consumer Q&A: What you need to know about the new changes

When can you expect to start exercising your new credit card rights? We've got a Q&A that will answer all your questions, including how to file a complaint if an issuer violates the new regulations ... (more)


Video: Credit CARD Act to bring big changes

Credit card changes, such as restrictions on interest rate increases and advance notice for account changes, are a just few adjustments coming your way, thanks to the Credit CARD Act. Learn more about the changes in this video featuring Connie Prater, a senior writer for ... (more)


A comprehensive guide to the Credit CARD Act

Wondering what else is in the Credit CARD Act? Check out our interactive guide that breaks down each relevant section of the bill and explains what it means in plain English. The guide is divided into topics and subtopics so you can easily find the information that matters to you ... (more)


Credit card reform legislation time line

Aug. 20 isn't the only date when key credit card provisions take effect. Use this interactive time line to find out how and when recent legislation passed and when other stipulations start ... (more)


See related: Credit CARD Act video page, Obama proposes new consumer protection agency for credit cards, Obama signes new credit card reforms into law, Will the new credit card law hurt more consumers than it helps?, Law alters cozy relationship between collegtes, credit card issuers, How to cope until the new credit card rules take effect, What the new credit card rules mean for you, New rules don't cover business, corporate credit cards, Federal banking regulaators finalize sweeping rule changes for credit cards, Senate passes tough new credit card bill, House easily passes credit card reform bill

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Updated: 04-21-2019