The last pieces of the act took effect over the summer. They require credit-card companies to honor gift-cards for five years, and prohibit them from reducing the amount of gift cards that are not used quickly. Also, credit card issuers will no longer be allowed to charge a late fee larger than your minimum payment, or charge you more than one penalty fee for a single violation of your agreement, or charge a fee for not using or terminating your account. Credit card companies, since 2009, have been required to \u00a0give 45 days notice of a rate hike. Now, the company must also say why it’s raising rates, and it must re-evaluate the hike every six months.<\/p>\n

Certainly, it’s not a perfect law. But there’s a lot to love there. So–pun intended–let’s give credit for this where it’s due.<\/p>\n","protected":false},"excerpt":{"rendered":"

Don\u2019t believe \u2018em when they say the progressive agenda is unloved by American citizens. Much has been accomplished in the first two years of<\/p>\n","protected":false},"author":3,"featured_media":5907,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[273,10],"tags":[2519,763,762,488],"yoast_head":"\n