Among the changes: Credit Card companies can only charge you $25 for paying late unless you've missed a payment in the last six months. In that case, they can hit you with a $35 fee.
The late fee can't be more than your minimum payment.
Also, inactivity penalties for not using your card are gone.
Banks cannot charge more than one penalty fee for the same billing cycle, and they must now explain any hikes to your Also, they must re-evaluate any rate increase every six months.