http://cashmoneylife.com/2009/09/24/credit-card-act-changes-coming-sooner/ Money Management, Small Business, Career Sun, 21 Mar 2010 02:34:22 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://cashmoneylife.com/2009/09/24/credit-card-act-changes-coming-sooner/comment-page-1/#comment-19844 Swim Upstream to Wealth Sun, 27 Sep 2009 02:33:35 +0000 http://cashmoneylife.com/?p=1869#comment-19844 I guess they figure that the credit card companies have already made the changes they need to make so they can move the date up and make it look like they are protecting our citizens (can anyone note my sarcasm?). I guess they figure that the credit card companies have already made the changes they need to make so they can move the date up and make it look like they are protecting our citizens (can anyone note my sarcasm?).

]]> http://cashmoneylife.com/2009/09/24/credit-card-act-changes-coming-sooner/comment-page-1/#comment-19825 Financial Samurai Fri, 25 Sep 2009 02:30:57 +0000 http://cashmoneylife.com/?p=1869#comment-19825 Yes, good they are changing the law. I just can't believe my interest rate on my Citi(shiti)card is Prime +7% or 10.5%. Ridiculous! Yes, good they are changing the law. I just can’t believe my interest rate on my Citi(shiti)card is Prime +7% or 10.5%. Ridiculous!

]]> http://cashmoneylife.com/2009/09/24/credit-card-act-changes-coming-sooner/comment-page-1/#comment-19820 Curious Cat Investing Blog Thu, 24 Sep 2009 11:07:44 +0000 http://cashmoneylife.com/?p=1869#comment-19820 I think the changes in the laws are good. Credit card companies have behaved in abusive ways and regulation is appropriate when companies are behaving in such ways. The behavior of credit card companies has required the government to take legislative action to protect citizens from abusive practices. Large contributions to politicians by the credit card companies bought enough politicians votes to delay sensible laws for years but finally the abuses grew to large for the payments to politicians to buy enough votes to allow continued abuse. I think the changes in the laws are good. Credit card companies have behaved in abusive ways and regulation is appropriate when companies are behaving in such ways. The behavior of credit card companies has required the government to take legislative action to protect citizens from abusive practices. Large contributions to politicians by the credit card companies bought enough politicians votes to delay sensible laws for years but finally the abuses grew to large for the payments to politicians to buy enough votes to allow continued abuse.

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