News

Federal Reserve unveils database for credit card agreements

May 24, 2010

On Monday, the Federal Reserve Board unveiled a website where consumers looking for a credit card can compare rates and prices.

According to Nasdaq, the website iswww.federalreserve.gov/creditcardagreements. Agreements from more than 300 credit card issuers are in the database, which will be updated quarterly.

"The agreements contain general credit terms and conditions along with pricing and fee information," the Fed said. "The database will help consumers compare credit card agreements and find a card that best suits their personal finance needs."