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
- protecting your plastic New Prepaid Debit Card Rules Add Protections, Improve Transparency; Take Effect Oct. 2017
- look who's calling Feds Shut Down Florida-Based Debt-Relief Robocall Scammers
- conflict of interests Lawmakers Who Received Money From Wells Fargo Now Want Answers From Bank’s CEO
- You Better Be Telling The Truth CFPB Warns Consumers That Some Credit Card Companies Aren’t Disclosing Risks Of Promotional Offers