Are there any rules or regulations that apply to credit card companies?

Yes, there are a number of rules and regulations that apply to credit card companies in New York. One major rule is that credit card companies must provide cardholders with information about their credit card terms and conditions before a card is issued. This includes terms such as the interest rate, fees, and payments. Credit card companies must also give cardholders a 45-day advance notice of any changes to their terms and conditions. New York also requires credit card companies to provide cardholders with a 21-day grace period during which time they can make payments on their balances without incurring a late fee. New York also has a law that prohibits credit card companies from increasing interest rates on existing balances unless the cardholder is more than 60 days late on payments. New York also prohibits credit card companies from charging cardholders certain fees, such as over-the-limit fees, payment protection fees, and cash-advance fees. In addition, credit card companies are required to provide cardholders with an itemized statement each month outlining all their transactions and fees. Finally, New York also has a law that requires credit card companies to honor disputed charges. If a cardholder believes they have been charged in error, they can dispute the charge and the credit card company needs to investigate the issue and resolve it in a timely manner.

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Are there any rules or regulations that apply to credit card companies?

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