Creditcard smallAuthor: LiveCheap.com

Earlier this May, President Obama signed into law the Credit Card Responsibility Accountability and Disclosure Act.  The new law had sweeping changes for the credit card industry after years of shady practices resulted in millions of consumers being negatively affected financially.  The law is set take effect in February although the Senate has a amendment that would make it apply immediately.  For a list of all the major changes read “New Credit Card Law Summary” CCRAD Summary and feel free to distribute it and republish it with proper attribution.  The following ten changes are likely to have the largest impact on you:

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