BillShrink.com Helps Consumers Better Understand New Credit Card Regulations With Launch of Online ‘Bill of Rights’

New interactive feature informs consumers on credit cards complying with newly approved Fed regulations

REDWOOD CITY, Calif., Dec. 18 /PRNewswire/ — BillShrink.com, the free personalized savings advisor that empowers consumers to make smart, money-saving decisions on everyday services like credit cards and cell phone plans, today launched an interactive feature, “Credit Card Bill of Rights.” To coincide with the Fed’s sweeping new rules on credit cards, the new feature will inform consumers which credit cards are compliant with the new regulations.

“With all the confusing data floating around, BillShrink simplifies the process for consumers, saving both time and money for consumers,” said Peter Pham, CEO of BillShrink.

BillShrink’s “Credit Card Bill of Rights” outlines each rule in the new plan and lists which credit cards meet the new standards. The continuously updated list of compliant credit cards enables consumers to see how quickly their cards meet the new standards. More than 200 of the most popular credit cards are monitored.

In addition to educating consumers about the changing credit card industry, BillShrink can help consumers save upwards of $1600 per year with unbiased credit card recommendations based on consumers’ personal usage and spending patterns.

When consumers visit the site for personalized recommendations, BillShrink also sends alerts with notifications of changing rates, term changes, promotional changes, and other hidden fees so that they are both aware of the credit card issuers’ activities and they will get the dollar amount to see how it affects them.

“While ultimately the new regulations will provide additional transparency and empower consumers to make better choices, we at BillShrink want to translate all the new data into real-life savings for consumers,” said Pham.

BillShrink has also launched a new blog, “Shrinkage is Good,” to help consumers understand the ever changing financial environment. Check it out at www.billshrink.com/blog/.

BillShrink.com is a unique, free online service that saves consumers money by making continuously updated, personalized, usage-based recommendations on everyday services with very complex bills and offerings that change frequently. BillShrink monitors millions of rate plan/feature combinations, and matches them against individual consumers’ usage patterns, providing simple, apples to apples comparisons and updated money saving recommendations on an ongoing basis as changes occur. Silicon-Valley based BillShrink.com was founded in 2007.

SOURCE BillShrink.com