Card Signed
Credit Card Reform signed in February 2009?
Does anyone know the benefits to the consumer of the February 2009 Credit Card Reform bill Obama signed that went into effect February 22, 2010? I have looked at my statements, and noticed rate and fee hikes following his signing. But, now that the bill is actual law, does anyone know if we will see any benefits, mainly lower interest rates? I have heard that annual fees will probably rise, and that is not good for the customer.
very few benefits, obama changed it hoping to better our lives but the greedy bastards got a waiting period so they could think up ways to make up for their losses like hiking rates, annual fees.etc.
Kinda reminds me of when the tobacco companies were forced to mail out information on the hazards of smoking. I received a nice letter telling me all the details on health issues and info
on quitting. On the other side was coupons..lol
My question is" what's the difference between the Mafia Loan Sharks and Credit Cards. I read that Chase is offering ppl cards for 300 bucks to repair their credit..79.9% interest. I would rather see Louie break a leg than get RAPED by a bank. And we spent billions bailing their greedy as-es out!
When my bank of Mafia is paid off, I am done.
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