05/10/2011 - Two years after President Barack Obama signed into law sweeping changes to the credit card industry, late payment fees have fallen, interest rates have held steady and annual fees and other charges have changed little.
Those are a few of the conclusions from a study conducted by the Pew Charitable Trusts. Nick Bourke, director of the Safe Credit Cards Project at Pew, is an author of the study. He discusses how the new rules have changed the industry, and what consumers pays in fines and fees.
Listen to the segment Financial 411: A Look at Credit Card Rules, Two Years Later on the WNYC Web site.
Pew is no longer active in this line of work, but for more information visit the Safe Credit Cards Project on PewHealth.org.