New Credit Card Rules Go Into Effect

The final phase of new regulations governing credit card companies went into effect on Sunday, giving some consumers much-needed relief from high late fees and skyrocketing interest rates.
New Credit Card Rules Go Into Effect
A credit card is swiped at a parking meter on Aug. 20 in Washington. New rules issued by the U.S. Federal Reserve Board regarding late payment fees and interest rate hikes took effect on Sunday. Tim Sloan/AFP/Getty Images
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<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/103506017.jpg" alt="A credit card is swiped at a parking meter on Aug. 20 in Washington. New rules issued by the U.S. Federal Reserve Board regarding late payment fees and interest rate hikes took effect on Sunday. (Tim Sloan/AFP/Getty Images)" title="A credit card is swiped at a parking meter on Aug. 20 in Washington. New rules issued by the U.S. Federal Reserve Board regarding late payment fees and interest rate hikes took effect on Sunday. (Tim Sloan/AFP/Getty Images)" width="320" class="size-medium wp-image-1815815"/></a>
A credit card is swiped at a parking meter on Aug. 20 in Washington. New rules issued by the U.S. Federal Reserve Board regarding late payment fees and interest rate hikes took effect on Sunday. (Tim Sloan/AFP/Getty Images)
Antonio Perez
Antonio Perez
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