US Fighting Credit Card Companies
As you may know from first hand experience, credit card companies are raising interest rates on consumers as the economy continues to worsen. While you may not have a choice on how to deal with this right now, things will be changing in the future. The Obama administration is working on changing the rules by which credit card companies play. Generally speaking, their main goal is to cut back on predatory practices and make the industry and even playing field for both issuers and consumers.
If you are interested in learning more about the changes that are on the way check out the following news stories:
U.S. aims to crack down on credit card issuers
Policy Makers Take Aim at Credit-Card Practices
Obama to lean on credit card CEOs
Congress Takes Aim at Credit Card Lending
