Where Credit Due

Many of the credit card changes signed into law last May by President Obama took effect Feb22. Some key provisious:retroactive interest-rate hikes are prohibited unless the account is more than 6o days past due,users can opt out of paying for overdraft protection,and natural or application fees cannot total more than 25% of the initial credit limit.While the changes provide more transparency for the consumer,analysts warn that banks may find loopholes for new fees tomake up for lost revenue