Credit Card Rules

The Importance of Class Actions

Chances are, the last time you got a direct mail notification about a class action, you threw it away. And why wouldn’t you? Why bother with signing a totally indiscernible document that, at best, will net you a hundred bucks?

Besides – class actions don’t seem to have much impact. After all, the “issues” are usually small change items and the lawyers make off with all the money – right?

Wrong.

A recent study by the finance and accounting departments of the business schools at Rutgers University and Emory University found that class action lawsuits are a very effective way to

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Posted in Class Actions

Consumer Rights in Focus:

The New Credit Card Rules and What They Mean to You

If you use credit cards, you have probably noticed some changes to your recent statements. That is because, earlier this year, the Federal Reserve Board enacted new Truth in Lending rules to help protect consumers from certain credit card abuses.  Here is a summary of the new rules and how they might affect you.  You can also learn more about these new consumer protections at www.federalreserve.gov.

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Posted in Consumer Protection