I’ll be talking about the new CARD Act:  which has special provisions to protect college students ,
among other rules designed to halt abusive practices of credit card companies:

*retroactive rate increases *late-fee traps (like moving the due date around from month to month) *some hidden fees, *double-cycle billing (calculating interest based on last month’s balance), and *new disclosure and accountability requirements.

Shoutout goes to the PIRGs for tirelessly pursuing this important bill among a variety of other issues affecting both college affordability and Americans’ precarious financial security.

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