Before a new law went into effect in February to clamp down on their abusive tactics, credit card companies jacked up interest rates, putting the squeeze on already strapped consumers. But that same law can still help as. In it, Congress told the banks to review those spiked rates, and, for responsible cardholders, bring them back down to normal levels. Of course, the banks are working feverishly to make sure they don’t have to live up to the law. As the Senate considers Regulation Z; Docket R-1384, be sure to grab their ear and say hey! Gimmie back my rates! Contact your rep now.
Tell Your Senator To Rollback Unfair Interest Rate Hikes
By Ben Popken April 12, 2010
- out with the old 3 Reasons You Might Want To Dump Your Credit Card
- look who's calling Feds Shut Down Florida-Based Debt-Relief Robocall Scammers
- You Better Be Telling The Truth CFPB Warns Consumers That Some Credit Card Companies Aren’t Disclosing Risks Of Promotional Offers
- oops Citibank Caught Screwing Up Credit Card Debt Collections, Must Refund $5M
- ushering in other shady players Most State Laws Can’t Protect Borrowers From Predatory Installment Loans, Open-End Lines Of Credit