Federal Reserve staffers—in two recent ABA-hosted conference calls—have clarified alternatives to dealing with the recent rules related to credit card plans with variable rates. The new rules, mandated by the 2009 Credit Card Act, state that for a variable-rate plan to increase to the rate without advance notice and other restrictions, it may not have a “floor” or minimum rate above the index rate plus margin. Issuers had questions about how to make variable-rate changes and the timing of any required notices, especially given the short implementation time frame. Fed staffers explained that there are several alternatives available to card issuers.