Credit Card Regulation is Overdue!
That's the title of a Dallas Morning News editorial this morning commenting on last week's proposed rules changes that says 'enough is enough.' The editorial continues: 'New regulation is overdue. Creditors have been free to hike interest rates at any time and for any reason – and then apply the new rate to purchases the consumer has already made.'
No question it has been a free ride on fees/ rates for anything associated with revolving credit (credit cards & overdrafts).
Posted by: Colin Henderson | May 07, 2008 at 07:26 PM