India- Expect more rate hikes from the RBI
To no one’s surprise, the Reserve Bank of India, or RBI, has sent a small but firm signal that it will stay the course on fighting inflation.
Revised credit-card rules may be mostly good for consumers, but beware new traps laid by some card companies New pieces of the most-sweeping credit-card reforms on record kick in today, outlawing double-cycle billing, retroactive rate hikes and many other longtime practices of the U.S. card industry.
No more hidden rate hikes. Better transparency. Added consumer protections for college students.Those are just some of the new provisions in the Credit Card Accountability, Responsibility and Disclosure (CARD) Act of 2009 that go into effect today, Feb. 22.
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Accountability, Act, Add new tag, College Students, Consumer Protections, Consumers, Credit Card, Dayton Daily News, Dayton News, Disclosure, Provisions, Rate Hikes, Transparency
Revised credit-card rules may be mostly good for consumers, but beware new traps laid by some card companies New pieces of the most-sweeping credit-card reforms on record kick in today, outlawing double-cycle billing, retroactive rate hikes and many other longtime practices of the U.S. card industry.