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Will the new credit card laws in the U.S. reinstate old interest rates for the customers they gouged before the new law?
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February 21st, 2010
My interest rate with Chase went from 6.7% to 24.24% overnight when I went over my limit once, by $14.00, after six years, and I’d never been late on a payment. This happened to millions of Americans and President Obama vowed to take this issue on. He did: http://money.cnn.com/2010/02/19/news/economy/student_credit_cards/index.htm?hpt=T2 ~ but will this new law do anything for those of us saddled with this outrageous interest on our balance?
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