On Monday–the day the final portions of credit card reform go into effect–CreditCards.com is hosting a live town hall meeting with White House economic adviser Austan Goolsbee about the sweeping changes authorized by the new law.
You can ask questions during the event, which starts at 2 p.m. Eastern, or submit them in advance at www.creditcards.com/askthewhitehouse. You can also submit questions via Twitter using the hashtag #cardlaw.
I hope you’ll tune into this event. I also hope Goolsbee or someone else at the event will dispute the widespread notion that credit card reform somehow triggered the Great Credit Slamdown we’ve been seeing lately, with issuers raising interest rates, lowering limits and closing accounts. That was well underway before Congress even began considering the CARD Act, as you can read in my February 2008 column, “The credit card party is officially over.”
Social poster
Downloads
- No documents for download.
