Senate Banking Committee Chairman Christopher Dodd said on Monday he was introducing legislation calling for a temporary freeze on credit card interest rates on existing balances. Full Story »
Posted by Chris Finnie
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Not a very good story as it fails to note that most credit card companies have already hiked rates. So this is a pretty clear case of shutting the barn door after the horse is already out. Still, with that background information, I thought it so funny I had to post it.
One credit card that had promised me fixed interest for the life of my account raised that 2% already. Another that guaranteed 2.99% for the life of ... More »
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