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Summary of Fed’s proposal for final CARD Act provisions

Federal Reserve Board
Proposed Rule, Regulation Z
March 2010

The Federal Reserve Board has issued its proposed regulations governing the final sections of the CARD Act which go into effect August 22, 2010. The Agency will be accepting public comment on the following provisions which relate to the size of penalty fees and the process for reevaluating rate increases. You can submit through our website at www.creditcardreform.org.

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