The new credit card act does not protect consumers as intended. The Credit Card Accountability, Responsibility and Disclosure Act, known as the CARD Act, are supposed to help and protect consumers from credit card companies taking advantage of people. Despite the changes in the credit card laws, the banks and credit card companies have found ways to charge more than ever. Our views remain that this will do nothing to help the consumer and will only make the banks more money. As a result of the continued abuse by the credit card issuers, debt problems and the increase bankruptcy filings will continue.

Learn how credit card companies are getting around these new laws