As the Credit Card Accountability, Responsibility, and Disclosure Act of 2009 reform legislation finally takes effect Feb. 22, the predictions, speculation, and conjecture about its effects will soon be swept aside.The realities are on the way. One persistent question is whether credit card issuers, hoping to make up for their newly restricted ways of charging fees and interest, will find new and creative ways to cover the loss. Assuming the likely answer of “yes,” then the methods that the industry chooses to make up these losses could have serious consequences for the financial health of millions of Americans.
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