Posted on Wednesday, 19th August 2009 by debtpreventions

The first of a series of new rules taking effect since the passing of the Credit Card Act of 2009 is set to begin on Aug 20th.
The first of the changes is for creditors to comply with mailing ?bills? at least 21 days before their due dates and providing at least 45 days’ notice before [...]

Tags: CARD Act, Credit Card, Regulation
Posted in Credit Card | Comments (2)

Posted on Tuesday, 18th August 2009 by debtpreventions

A Florida man is alleged to have re-set his own record for the largest credit card identity theft fraud. Prosecutors from the Department of Justice said that Albert Gonzales, a 28-year-old hacked into the credit card processors of Heartland Payment Systems and retail chains 7-Eleven Inc, and Hannaford Brothers Co.
Gonzales and two other associates were [...]

Tags: Credit Card, Identity Theft
Posted in Credit Card | Comments (0)