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New Credit Card Laws 2010

Which Credit Card Should You Give to Your Student?

Your college freshman has checked off everything on the school buying list: laptop, clothes, alarm clock, backpack ... but what about a credit card, or a student credit card?More than three-quarters of college students have a credit card, according to a 2011 study from the Student Monitor, while 2 out of 5 are interested in getting one in the next year. The disturbing part about this study? One in 20 report their parents don't know they have a credit card.That's a good reason to start teaching them now about the power of plastic.New Credit Card Laws in EffectThe Credit Card Accountability, Responsibility and Disclosure Act of 2009 has made it more difficult for students to acquire credit on their own if they are younger than 21. Because of the CARD Act, anyone under 21 years old can't sign up for a credit card unless they can prove they can make the payments (read: income) or has a co-signer who is over 21.Also in the law, students no longer have to resist the temptation of free gifts ...

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  10. Which Fees Can Your Credit Card Increase?

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  5. Ramsey on Credit Card Use Decline

    Dave Ramsey reacts to news of consumers using credit cards less often.

  6. Will New Credit Card Laws Help Consumers?’s John Ulzheimer on whether new credit-card practices will benefit the American population.

  7. Shocking New Credit Card Reform?

    Kim Lankford of Kiplinger’s on the new credit card law .

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