There are several worthwhile Consumer protection laws taking effective Jan. 1st, 2009, in California. We are thankful for these new laws and hope more will follow that will benefit consumers, especially in the credit card arena.
* Banks and other companies no longer can offer gifts to college students in return for completing credit card applications.
* Consumers will have new rights in placing freezes on credit reports, including requirements that companies comply within three days.
* Sweepstakes promoters cannot falsely claim someone has been singled out for participation, ask for money to receive a prize and send out "last chance" warnings that are untrue.
Friday, January 2, 2009
California laws taking affect 01/01/09
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