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The Credit Card Accountability, Responsibility, and Disclosure
Act of 2009 passed by Congress goes into effect February 22, 2010.
Full details on our blog page www.MerchantServices-help/blog
Whoop pee doo!!! Another effing CHANGE for the worse.
They made a law but gave credit card companies enough time to raise their interest rates.
Talk about closing the barn door after the horse has bolted.
Effing stupid. This law hurt more consumers than helped them. But hey, it's a CHANGE.
You are 100% correct! I wonder how many politicians got their pockets greased to convince them to give cc companies that much time between enactment and enforcement? Makes no sense to me. If it is illegal, immoral, and wrong as of Feb. 22, then it was all of the above last year as well, and therefore should have been stopped and corrected immediately, not months later.
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