With the new Credit Card Act of 2009 now in effect, chances are that when you receive your next credit card statement, it will have some new information and disclosures. To assist consumers in understanding and interpreting the new rules, The Federal Reserve has announced the release of an interactive tool that illustrates and explains how to interpret both credit card offers and new credit card statements.
The consumer guide is designed to answer certain questions such as what your total fees are for a given period and where to find them on your new credit card statement. The website also covers standard credit card offers and how to read them effectively. Learn more about this helpful guide for understanding the new credit card laws.
