Why Should It Take 18 Months?

Finally, the government is taking some steps to rein in the power of credit card companies. Three agencies, the Fed, the Treasury and the National Credit Union Administration, have issued rules to allow you at least 21 days to make a payment and also make it a tad more difficult for the companies to raise their interest rates. However, these rules will not go into effect until June 2010. There was no explanation for the delay.