Credit Card Rules: How to Wean Yourself Off Credit Card Debt
By Alisa Aragon-Lloyd, published in “New Home and Condo Guide – Vancouver” The Canadian government has implemented credit card regulations, which it says increase transparency and protect consumers. Here are some of the new regulations now in place: • Credit contracts and application forms must have a “summary box” that clearly explains interest rates, fees, and how long it would take to fully repay a balance if only minimum monthly payments are made. • Banks must give advanc