New Financial Rules and Resources

March 17, 2010

The Federal Reserve’s new rules for credit card companies mean new credit card protections for you. Key changes you should expect from your credit card company beginning on February 22, 2010 can be found here.

Also, here are a few other valuable financial resources for consumers that can be shared with clients and friends:

Consumer’s Guide: Credit Cards

A new website by the Federal Reserve summarizing new credit card protections that take effect on February 22, 2010. The site includes interactive tools for users to learn more about the terms and fees of credit card offers, and about the new features of monthly statements.

What You Need to Know: New Overdraft Rules for Debit and ATM Cards

New Federal Reserve overdraft rules take effect on July 1, 2010. This new online publication provides an explanation of how the rules will affect existing and new account holders.

Credit Card Repayment Calculator

Estimate how long it will take you to pay off your credit card balance if you make only the minimum payment on time each month. Other calculations can help you develop a plan for paying off your balance sooner.

Mortgage Foreclosure Resources

Information from the Federal Reserve and other government agencies. If you are having difficulty making your mortgage payment, one of the most important things you can do is seek assistance. The following resources provide information and links to agencies and organizations that may be able to help you.