Federal Reserve Delays New Credit Card Industry Rules Until July 1, 2010

Why did the Federal Reserve in December 2008 decide not to implement much needed consumer credit card industry reforms until July 2010?

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Name: Give me credit cardholder protection now!
Location: Buckeye, AZ, United States

Disabled Vietnam veteran

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Links

  • Link to Press Release: Final Rule Approved Barring Unfair Credit Card Practices
  • Link to Federal Reserve Final Rule
  • Link to Office of Thrift Supervision (OTS) Fact Sheet
  • Google News
  • One Page Summary of H.R. 627, the Credit Cardholders’ Bill of Rights Act of 2009
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