Monday, August 2, 2010

PEW Finds Credit Card Act Has Reduced Deceptive Practices

Source: PEW Charitable Trusts

Pew Report Finds Credit Cards More Transparent, Yet Problems Remain

Washington, DC - 07/22/2010 - Most of the practices deemed “unfair” or “deceptive” by the Federal Reserve have disappeared from new credit card offers since federal passage of the Credit CARD Act last year, according to a new report by the Pew Health Group’s Safe Credit Cards Project. Yet new trends have emerged that could cost cardholders significantly.

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