Consumers to benefit as credit card law debuts

Consumers will see the first signs of the biggest overhaul of the credit card industry in at least 2 decades, as companies will be forced to provide customers with more time to pay their bills & be required to give more warning of contractual changes. From August 20, credit card issuers will have to give clients at least 21 calendar days to pay monthly bills & has to warn consumers 45 days in advance of major changes in conditions, under provisions of a May law. Now, credit card issuers have to mail bills at least 14 days in advance & provide a 15-day notice of changes in terms. Consumers will also be able to reject the changes set by credit cards, & arrange a plan to cancel debt & close the credit card account. "It evens the amount of power between consumers & credit card companies but doesn