BUSINESS

Credit Card Companies Raising Rates As New Limits Go Into Effect

09/17/2009 05:12 am ET | Updated May 25, 2011

Being in debt is about to get a lot more expensive for millions of Americans. Credit card issuers have been rushing to raise rates in advance of this Thursday, when the first provisions of the Credit Card Accountability Responsibility and Disclosure Act (CARD) will go into effect, with other protections starting in February 2010.

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