Consumer Rights Are Protected By The New Card Act. Am I Right In Presuming This.

[Eimhin]

Yes you are very much Right. The new law began taking effect in August 2009, when it required issuers to send monthly bills 21 days before they're due and to provide 45 days' advance notice before changing annual percentage rates.

[Hervey]

As of February 22nd, new protections outlined in the Credit Card Accountability, Responsibility and Disclosure Act(CARD Act) go into effect.You're protected against many unfair lending practices like arbitrary rate hikes and double-cycle billing.