The Federal Reserve Moves on Card Practices: One Big Shoe Drops

The Fed's new rules present major changes that must be accommodated in issuer business practices. Issuers are not powerless, but disclosures have been strengthened. Will consumers use this added information? Will compliance become a high-visibility issue before the 2010 deadline?

 2009 is certainly shaping up to be a challenging year.

You must be subscribed to Mercator's Credit service to download this viewpoint