News Sources wrote an interesting post today on
Here’s a quick excerpt
If your credit is good, or your credit card balance is low, you may soon pay more on every credit card bill. Why? Congress passed a misguided new credit card law , the Credit Card Accountability Responsibility and Disclosure Act of 2009. As a result of it, you may end up paying an annual fee. And you may end up losing your percentage rebates, your cash back, or your rewards program. The new law arbitrarily limits credit card companies’ ability to increase rates on credit card balances, ev

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