Fed Web site to help consumers understand new card rules
The Federal Reserve on Friday launched a Web site intended to help consumers better understand the credit card rules that take effect today. The site summarizes the rules' main provisions, which require greater transparency in disclosing terms and conditions, and explains how they will affect credit-card users, agency officials said.
Two interactive features on the site enable consumers to learn more about credit-card offers' terms and fees and about the new features on monthly statements. The site's Web address also will appear on solicitations consumers receive from credit-card issuers.
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