5 Legal Rulings Rocking Your Credit Cards

NEW YORK (LowCards.com) -- Over the past four years, Congress and the Federal Reserve have passed and enacted many rules that changed the credit card industry. But while the CARD Act and other reforms got the headlines, the judicial branch has more quietly left its mark on the credit card business. These legal rulings have cost banks and credit card issuers hundreds of millions of dollars and may have led indirectly to higher rates and fees for consumers.