Practice Areas

Blog

News

Library

Testimonials

• "I sent this letter certified after receiving the free guide [from] Phillips & Garcia P.C. Saved Foreclosure. Thanks a million!" A.D. from Colorado
• After seeing first hand what you are up against concerning the big banking companies, we are even more amazed that you are willing to fight the fight. The little guy needs your help and your fearless attitude. You are good people and true Americans. We are honored to be called your friends. R.R. - Mich., Lockout & Trashout Victim
• The attorneys were very professional and I felt as though they always had my best interest in mind. Without them I would have been pushed around and just another number to the bank. N.L., Wrongful Lockout Victim
• Thank you Mr. Phillips. If we hadn't found you the [Bank] would have foreclosed on our property and I can't imagine the misery that they would have caused. S.N. - Arizona

View All

Breaking Legal News & Current Events

New Credit Card Regulations Take Effect Today

February 22, 2010 - Washington - If you have a credit card, or are carrying a balance on 1 or more cards, you may be impacted by the new credit card law that goes into effect today and impacts how consumers are treated by lending institutions.  

According to Reuters, the changes are intended to protect consumers from credit card companies that institute predatory lending practices. Unfortunately, credit card companies are always looking out for their bottom dollar and they are expected to come up with methods to make as much money as they did before the new regulations, thereby hurting consumers in new ways.  

Some of the following are changes you might notice as result of the credit card laws: 

• Companies may resort to adding annual fees to make up for their newfound inability to charge other types of fees
• Many consumers younger than age 21 will find it nearly impossible to get a new credit card, unless their parents agree to co-sign
• Late fees, while now more difficult to rack up, will likely increase dramatically

Some of the new rules sound beneficial, such as credit card companies now being required to offer consumers the right to pay at the last minute so you can avoid late fees. But credit card companies are out to make money and they will simply change tactics.

Keep a close eye on your credit card's disclosure statements, fee amounts, and interest rates. If you believe that your credit card company is violating your consumer rights and you suspect that other consumers have been similarly wronged, you may be entitled to file a credit card class action lawsuit.

The Massachusetts class action attorneys at Phillips & Garcia will fight for your rights in your credit card class action case. We are committed to protecting your best interests and helping you collect the damages you need and deserve to move on with your life. If you have been ripped-off or taken advantage of by a credit card company, contact Phillips & Garcia today to schedule your FREE legal consultation - (877) 892-5620.

back to top

Contact Information

Free Book

FAQs