Have You Heard

Fed Web Site, Pub Explain Credit Card Rules

Credit card rules that took effect Feb. 22 are the topic of an interactive web site and a new publication from the Federal Reserve. The web site and publication are designed to help consumers understand new protections available under these rules.

The publication, What You Need to Know: New Credit Card Rules, is available on a printer-friendly web page: www.federalreserve.gov/consumerinfo/wyntk/wyntk_ccrules.pdf.

The new web site, which can be found at www.federalreserve.gov/creditcard, explains how the rules affect credit card users. Two interactive features will allow consumers to learn more about the terms and fees of credit card offers and about the new features of their monthly statements.

In addition, basic facts about common credit card options, interest rates and fees are also provided. Consumers will find a glossary of common credit card terms for quick reference.

The site also provides information about common credit card problems, such as lost or stolen cards.

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