Bankruptcy Blog | Georgia Debt Law » Robert Gibbs http://www.georgiadebtlaw.com/bankruptcy-blog Georgia Debt Law ::. Bankruptcy News and Resources Thu, 29 Sep 2011 22:40:26 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 Credit Card Reform Set For Signature http://www.georgiadebtlaw.com/bankruptcy-blog/2009/05/21/credit-card-reform-set-for-signature/ http://www.georgiadebtlaw.com/bankruptcy-blog/2009/05/21/credit-card-reform-set-for-signature/#comments Thu, 21 May 2009 14:12:25 +0000 admin http://www.georgiadebtlaw.com/bankruptcy-blog/?p=157 A measure that White House Spokesman Robert Gibbs called “important reforms to protect consumers and bring common sense, rationality into our financial system” will likely be signed by President Barack Obama this week.

The bill requires credit card issuers to give 45 days notice before changing interest rates on an account. It also prohibits companies from raising the interest rate on existing balances unless the card holder is  at least 60 days behind on minimum payments.

The measure aslo includes an unrelated amendment that will allow loaded handguns and rifles to be taken into national parks and preserves.

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