Defying the CARD Act provisions demanding regular review and revamping of credit card interest rates can wreck havoc on financial institutions. Legal penalties and enforcement actions await non-compliant credit card companies. Such negligence also undermines consumer protections, potentially overcharging clients and inflicting financial woes on them. It thus opens a can of worms, marred reputation, financial liabilities, and postpones consumer defense options like arbitration, breach of laws, and disputing charges. In the credit card industry, CARD Act compliance is a gateway to trust and competitiveness. Be warned!
Credit Card Defense 