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Despite some new fees, cardholders are much better off then they were before protections ushered in by the card act, said Ed Mierzwinski, consumer program director for the U.S. Public Interest Research Group in Washington, D.C.
"The card act has cleaned up the credit card marketplace," eliminating "gotcha" fees and other abuses, he said, adding that U.S. PIRG and federal regulators are getting a lot fewer consumer complaints about credit cards these days.
Mr. Mierzwinski and other experts say card companies should be careful about rolling out new fees that could trigger an outcry from consumers and another crackdown by regulators.
Tools & Resources
Our Changing Relationship with Driving and the Implications for America’s FutureU.S. PIRG Education Fund
Read the Health Insurance 101 guide below, or download the PDF here.U.S. PIRG Education Fund
U.S. PIRG conducted a webinar with officials from 31 states on ways to improve online spending transparency
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