Banks nervously await new credit card law

Full Story atmoney.cnn.com

NEW YORK (CNNMoney.com) — Banks and other credit card issuers are nervously awaiting the new credit card law set to go into effect on Monday. Many are anxious to determine just how big of a profit hit they stand to suffer as a result of the CARD Act.

Judging by early estimates, it could be quite costly.

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