Timothy P. Duggan, Shareholder and Chair of Stark & Stark’s Bankruptcy & Creditor’s Rights group, authored the article, Credit Card Reform – What Does It Mean?, for the July 2009 edition of Mercer Business Magazine.
The article discusses the Credit Card Accountability, Responsibility and Disclosure Act which was signed by President Barack Obama in May of 2009. The Act mandates specific reforms to the credit card industry in an attempt to curb the abuse by certain credit card companies while at the same time allowing financial institutions the ability to price credit against risk. You can read the full article online here. (PDF)