A Credit Card Bill of Rights | The Exception Magazine

A Credit Card Bill of Rights | The Exception Magazine: "On April 30th, the House of Representatives passed H.R. 627, the Credit Cardholders’ Bill of Rights Act. This bill contains a number of common sense provisions like banning retroactive interest rate hikes on existing balances, double-cycle billing, and due-date gimmicks. The bill would also increase the advance notice of impending rate hikes, giving cardholders the information they need to make decisions about their financial well-being."