New credit card regulations

A little off topic, but interesting none the less.  Some of the changes include:

“Card companies must now tell customers how long it would take to pay off the balance if they only make the minimum monthly payment. Customers can only exceed their credit limit if they agree ahead of time to pay a penalty fee. And unless a cardholder misses payments for more than 60 days, interest-rate increases will affect only new purchases, not existing balances.”

You can read more in the Wall Street Journal.

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