The CARD Act was signed into law in 2009 but various provisions of the law began to kick in starting in February of 2010 with some additional provisions coming into play over the course of the rest of the year. Check out this comprehensive guide to the CARD Act and read the official press release from the White House. For the purpose of this article, let’s take a look at 3 little known sections of the CARD Act that you should be aware of (and then feel free to add your own in the comments below!).
#1 New Consumer Opt-Out Rights
#2 Studies for Promoting Financial Literacy
#3 No More Fees for Alternate Methods of Payment
Joel Ohman is a CFP® and the founder of a website with some nifty tools for doing credit card comparisons and reading credit card reviews. When he is not working on one of his newer projects which is a website for doing car insurance comparisons, he would encourage you to check out the coupons section of Northern Cheapskate because he is not afraid to admit that he has recently been convinced of the value of using coupons!