BACK

Videos

Video: New card law changes relationship between colleges, issuers

Summary

The Credit CARD Act changes the once-secret agreements between card issuers and colleges by requiring schools to report any deals they make with card companies to the Federal Reserve Board.

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

The Credit CARD Act changes the once-secret agreements between card issuers and colleges by requiring schools to report any deals they make with card companies to the Federal Reserve Board.

And for even more on credit card reform, check out our special section.

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

What’s up next?

In Videos

Video: Big changes coming to bad-credit credit cards

The new credit card law — much of which takes effect on Feb. 22 — has provisions that protect people with bad credit. Specifically, the law limits fees on subprime credit cards. What other changes will the law bring for those with poor credit?

See more stories
Credit Card Rate Report Updated: November 25th, 2020
Business
13.91%
Airline
15.50%
Cash Back
15.85%
Reward
15.75%
Student
16.12%

Questions or comments?

Contact us

Editorial corrections policies

Learn more