@driventoscore wrote:
Need a bit more info for people that don't know what 5244 is.
" * Eliminates the ability of creditors to increase your interest rate if you’re late on other payments (the “universal default”);
* Prevents creditors from changing most credit card terms before contract renewal;
* Requires advance notice of credit card account rate increases;
* If card terms change or interest rates increase, it allows the card to be canceled (without any penalties or fees) and allows the payment of any balance at the old terms;
* Prohibits interest if the bill is paid in full on time, prohibiting “double cycle billing”;
* Prohibits credit reports regarding a new card until the card has been activated;
* Allows you to opt out of over limit transactions if fees are imposed;
"