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Consumers Know About Increased Card Protections but Uncertain of Details

A majority of consumers are aware that Congress passed credit card protections last year, but not as many are aware of what those protections actually are, according to survey conducted jointly by CUNA and the Consumer Federation of America.

By David Morrison | Updated on February 08, 2010

A majority of consumers are aware that Congress passed credit card protections last year but not as many are aware of what those protections actually are, according to survey conducted jointly by CUNA and the Consumer Federation of America.

The two organizations revealed their survey results on a press call today. The survey found that a majority of consumers surveyed (61%) knew that Congress passed consumer protection laws last year, 65% of consumers surveyed did not know they take effect on Feb. 22 or what the protections actually prohibit.

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