Credit card laws changing

[Flowers]

I just got a call from CapitalOne with whom I have a $1200 bal.

What are the changes that are coming. The guy wanted my account number and I was distrustful.

I will say my intention is to pay this off in April, but will the rate double.
I do not understand the laws, changes, or implications of having a balance.
Can anyone help, or describe it in simple terms?

[HakunaMatata]

If CapOne contacted you, the representative should have had your account number (he should have asked you to verify your name, a password, or the final digits of your SS). Presently, credit card changes aren't universal. They all vary. Did you receive any paperwork outlining upcoming changes to this account?

[catleg]

You're right to be distrustful. They called you and wanted your account number?

Sounds like you did the right thing. (You did hang up, right? Not that an account number in collections is really going to be valuable to anyone, is it?)

The new laws are supposed to make it harder for them to jack your rates especially on existing balances. That's why they're rate jacking everybody NOW.