Fed Launches Credit Card Education Campaign

As part of an effort to encourage consumer awareness about selecting and using credit card products, the Federal Reserve Board is engaging in a public information campaign designed to educate consumers about the appropriate use of credit cards. The Fed has launched a series of public service announcements, aimed at consumers, to be aired at movie theaters during the 2009 holiday season. The Fed has also launched a website with “Resources and Tools” to assist consumers to choose and to manage credit card accounts, and to inform consumers about the importance of credit ratings.

The Fed’s materials also include a credit card repayment calculator and a Consumer Handbook for Credit Protection Laws, summarizing the credit application process, consumer credit ratings, and consumer rights related to credit card products.

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