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New Legislation leads to Bank Experimentation with Credit Card policies

Friday, September 4th, 2009

Being up to date on the latest developments in credit card lawmaking and banking policy is always a wise investment of one’s time. That’s why at PayLeap, the web’s premier ecommerce payment gateway, we like to keep you informed on changes that can affect the way do business with credit cards.

As of August 20, creditors must now notify cardholders 45 days in advance of any major changes in terms including interest rate or fee increases. (more…)