| #1
01-23-2010, 04:32 AM
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 New Credit Card Legislation Beginning Jan 31st, 2010
Hey guys. Just curious if you guys are familiar with Obama's new Federal Credit Card legislation called The Credit Card Accountability, Responsibility and Disclosure Act (or Credit CARD Act) of 2009. I can't post up a link since I don't have 15 posts but if you google search it, you'll find more information about what it entails. My question is, will these make it easier or harder to obtain new credit cards for consumers? I am on the path of re-establishing credit and was thinking of applying for a credit card but I want to know if I should wait or go ahead and apply when this new act goes into effect. Any info is greatly appreciated, thanks!  |
| #2
01-27-2010, 04:02 AM
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Anyone? Trish? Just trying to find out whether the new law makes it easier or harder to obtain an unsecured credit card. I looked into obtaining a new credit card for bad or fair credit and most of these banks keep referencing this new law. Thanks! |
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