Credit Card Interest Rates Hit 9-Year High. Thanks, CARD Act!

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(jm3)

Average interest rates have hit a new 9-year high of 14.7%, and we have credit card reform to thank for that. Por-kay? Unable to keep soaking you on the backend with hidden fees, tricks, and traps, issuers now have to push their profit-taking to the fore.

Credit-Card Rates Climb [WSJ via The Atlantic via Business Insider]