Do the new credit card laws make it harder to get personal/auto loans too?

I've realized its a lot harder to get a credit card now if you're under 21. Do the new laws affect loans in any way?


It affects all types of credit granted before age 21. Including car and personal loans.

Is there a plain language version of what will happen with credit card laws next year anywhere?

I'm looking to find out if there is a "plain language" version of what will happen once the credit card laws go in to effect next year (I believe February 2010) anywhere.

(Please leave all political commentary aside, I am NOT


I just searched for "new credit card laws 2009" and found several resources. One is

http://articles.moneycentral.msn.com/Ban king/CreditCardSmarts/What-the-new-credi t-card-law-means-for-you.aspx

I'm not good at

Changes to Credit Card Laws

Justin Baxter talked to Pat Dooris of KGW 8 about a new law affecting how credit card lenders can amend the terms of a cardholder agreement. In ...

Reporter's notebook: CARD Act hasn't delivered on its hopes

BIRMINGHAM, Alabama -- Last week marked the two-year anniversary of a law aimed at curbing escalating credit card rates and unfair card practices -- the Card Accountability, Responsibility Disclosure Act , better known as the CARD Act.

On Feb. 22, 2010, the new federal rules required credit card issuers to give consumers 45 days notice before they could raise their interest rates, and generally prohibited issuers from being able to increase interest rates within the first year after a new account had been opened (unless payments more than 60 days late).

credit card laws - Bookshelf


Credit Repair
440 pages
Credit Repair

The 10th edition is reorganized with information on bankruptcy, foreclosure and mortgage debt, and the Credit CARD Act"--Provided by publisher.

Credit Card Accountability Responsibility and Disclosure Act Of 2009
36 pages
Credit Card Accountability Responsibility and Disclosure Act Of 2009

In the case of an advertisement broadcast by televison or radio, the disclosure required under paragraph ( 1 ) shall consist only of the following: ' This is not the free credit report provided for by Federal law '. ' '. ( b ) R. - ...

Compilation of state and federal privacy laws
130 pages
Compilation of state and federal privacy laws

Connecticut requires an advisory to customers of credit clinics that federal and state law require similar benefits without charge or with a small charge Sec. 36 -4351. The sale of credit-card names is prohibited. Sec. 42- 133gg.

Credit Counseling In Sheepshead Bay Tips : Know Your Rights Under ...

Know Your Rights Under Credit Card Laws

Your financial institution should provide you with info on credit card laws in your State when you enter into this sort of agreement. Granted most of us disregard the fine print as we never imagine that one day we might have problems repaying our commitments. We usually think it will happen to a different person and not us.

But the truth is that with the current financial situation more and more of us are struggling to repay our commitments. We may believe that the banks and financial instances will be happy to help. After all a few years ago they were falling over themselves to lend us money. And therein lies the problem. The banks appear to have thrown the lending rules of thumb and sound judgment out the window in their hunt for bigger profits and corresponding bonuses. They lent money to everyone often no matter whether these people could afford to pay them back.

...

Read more...

credit card laws - consumer credit counseling - EquityLoanInNews.com

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credit card laws - News


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