BusinessWeek Online - The landmark credit-card legislation that President Barack Obama signed into law on May 22 offers a bevy of protections for card holders. It outlaws some of the industry's most contentious billing practices. Card companies, for instance, will no longer be able to raise interest rates on card holders' existing balances until the borrower is 60 days behind in payments. And it forces the companies to give customers ample notice -- 45 days -- before jacking up rates.
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