In addition to the new limitations on fees, the Federal Reserve ordered credit card companies to evaluate any rate increases they made since January 1, 2009, when many issuers jacked up rates in anticipation of new federal rules -- and to lower rates if the reasons for the increases no longer exist. Regulators plan to enforce rate cuts when necessary.
5 Things You Should Know About Credit Card Fees
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.