Because of the many poor business practices that led to the U.S. economic collapse, new laws were created and put into place in an effort to protect citizens, especially in the area of credit cards.  The new Credit CARD (Card Accountability, Responsibility and Disclosure) Act that was signed into law in May of 2009 put forth several guidelines and restrictions for credit card companies.  Because the bill is quite involved and full of legalese, you may be left wondering “how does it actually impact me”? (more…)