Credit card issuers alter rewards programs

05/5/2010 |

Credit card issuers have been changing their rewards programs to attract more lucrative customers and adhere to tougher regulations imposed by the Credit Card Accountability, Responsibility and Disclosure Act. "One of the unfortunate results of the new restrictions on credit cards, besides the decrease in the availability of credit, is that added pressure is being placed on rewards," said Scott Talbott, senior vice president of government affairs at The Financial Services Roundtable.

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