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They've got to give you 45 days notice if they make changes to your account. that's a good thing, too. you can opt out of the changes. no more credit card issues to kids on college campuses. that's a plus as well. that's going to put a dent in their business. those kids wrack up payments big time. those kids have an average of $3,500 of debt on those cards. >> that said, with these credit card companies losing about $12 billion in revenue, it's going to be coming from someone. and that's got to be the consumer. >> that's exactly right. in anticipation of this legislation, they came out with so...

Big credit card changes starting monday, credit card companies must come clean and tell you how much it really costs if you only make monthly minimum payments or if you miss a payment. but are the days of hidden fees and soaring interest rates really behind us? well msnbc financial analyst, vera gibbons joins us now. let's get to these changes, what are they in. >> big changes going into effect on monday. all about protecting the consumer from some of the nasty practices out there. among some of the highlights of the changes here. credit card companies will be able to raise interest rates as r...