New consumer-friendly rules taking effect Monday will mean colossal changes for the 180 million people nationwide who have credit cards — and even millions who don’t.

If you pay with plastic:

• No longer will banks arbitrarily be able to change the interest rate on your balance.
• No longer can they confuse you by changing the date your monthly payment is due.
• No longer can they cut your credit limit, allow you to go over it, then charge a penalty.

And the list goes on.

Read more at: Cleveland Ohio Business News

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{Photography by Jason Rogers}