About Credit Cards New Credit Card Law: What it Means for Consumers What Others Are Saying about the Impact of the New Credit Card Law How Credit Cards will Change Federal Reserve's New Credit Card Rules Presentation Fact Sheet on Federal Regulations  In 2008, some 2.7 million American credit card customers received some kind of relief from debt obligations - including debt consolidation, workouts, temporary forebearance, settlements, and interest rate reductions. (source: Nilson Report)

Welcome to

CardPolicyInfo.com

Big changes are coming for America's credit card industry. 

Credit card issuers are completely overhauling the way they lend money to consumers after federal regulators adopted the strongest reforms in the 50-year history of credit cards.  Over the next several months, card issuers will retool their systems, redesign their communications with customers, and eliminate a host of practices including "double cycle" billing and universal default on existing balances. 

Regulating the highly complex and heavily regulated credit card industry requires finding the right balance between enhancing consumer protection and ensuring that worthy borrowers continue to have access to the credit they need.  Time is required to see how the new regulations will impact consumers, small businesses and the broader economy.  Legislation that would shorten the implementation deadline or further restrict access to credit could have serious negative implications.

CardPolicyInfo is a resource for consumers, policy experts, and members of the media who want to learn more about the new regulatory landscape and the potential consequences of further action.