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John Gliha May 23rd 2009
Credit Card Holders Bill Of Rights Act of 2009
I have recently received many inquiries about this latest federal amendment to the Truth and Lending Act known as “The Credit Cardholder’s Bill of Rights of 2009”. This amendment is scheduled to become effective in June of 2010. Many people want to know what this means for credit card holders and this is my opinion after analyzing the industry since 1993 and carefully reviewing the new legislation. This new law amends sections of the already existing Truth and Lending Act. Many attorneys should know whether or not they have a chance to obtain a remedy for their clients under this Act in the past. The reason I say this is because the amendments include absolutely no penalty provisions, and that leaves the existing penalty provisions to enforce the new legislation. I will summarize them for you; while the new legislation appears to be pro-consumer at first read... ( read more ) Copyright © 2009 www.johngliha.com | ||
The contents of this web site are for educational purposes only; nothing you will see or receive is intended as legal advice or as counseling over legal matters, readers are always encouraged to seek the advice of legal counsel in their geographical area. John Gliha has never claimed to be a licensed attorney. He is an author, speaker, teacher and publisher, the description of what he offers is best termed "educational" offered only as information accumulated, examined and deemed important and may not be specific to the reader's state or area.
© John Gliha 2005-2010
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