Discover Card Offers Credit Card Users

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Under the terms of the Credit CARD Act, lenders must now use statements and direct mail pieces to communicate terms, conditions, and consequences of open accounts to cardholders. Discover Card has exceeded lawmakers' expectations with the launch of a "straight talk" video on its website and on YouTube that clearly explains the impact of new credit regulations on consumers. The animated video complements a series of articles that highlight aspects of new lending rules, as well as best practices for personal finance management.

Discover spokesperson Carlos Minetti told reporters that the educational outreach was the result of customer suggestions. "Over the years, we've listened to our cardmembers and know that they want 'straight talk' from their credit card company and our goal is to provide that to them," said Minetti. "These online resources will help them better understand credit, while empowering them to achieve brighter financial futures." Articles in the series explore how credit card issuers set spending limits and how the economy impacts consumer lending.

Important Note! The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we can not guarantee the accuracy of the information in this article. Please verify all terms and conditions of any credit card prior to applying.


About the Author

joe

Joe Taylor Jr. is an internal business consultant for a Fortune 500 company, who writes about finance, culture, and design. He holds a Bachelor of Science in Communications from Ithaca College.