Credit Card Bill a Boon to Consumers

Publication: The Hartford Courant

Author: Kenneth R. Gosselin

05/20/2009 - It's not a bailout, but this could be quite a week for consumers, with the president expected to sign by Memorial Day the most sweeping reforms of credit card industry regulations in more than 20 years.

It is a momentous change for U.S. households who have yet to see much of the government's largesse in the recession, while big businesses, especially banks, have reaped billions in taxpayer-funded bailouts.


"It affects significantly more people than the mortgage issue touches," said Nick Bourke, who has analyzed the credit card industry at the Pew Charitable Trust, a nonprofit group in Washington. "What we're talking about here is a strong contract between the consumer and the credit card company and transparency."

Read the full article Credit Card Bill a Boon to Consumers on The Hartford Courant's Web site.

Pew is no longer active in this line of work, but for more information visit the Safe Credit Cards Project on

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