The Credit Card Responsibility and Disclosure Act of 2009 was intended to curb bank and credit card fees. According to one recent study the average American has $11,000 in credit card debt. Instead some consumer watchdog groups claim its opening up a whole new can of worms. The extra revenue from overdraft and other fees was worth hundreds of millions of dollars. Now some new fees are starting to be money makers. Annual fees are going up. Cash advance and account transferring fees are also rising. Check out the links below to see the original Wall Street Journal investigation, also find out what you can do to get out of debt.
