Credit CARD Act of 2009 Guide: How It Affects Us

Last year, you probably read a lot in the news about the Credit CARD Act of 2009 and how it had credit card companies running for the hills. There were stories about how issuers were going to start implementing annual fees, cut back on reward programs, and how the credit card industry was going to get rocked. While some of it has come true (Citi has notified some cardholders that there would be an annual fee unless they spent a certain amount each year), much of it was just pre-bill posturing.

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