Credit Cards law change

[asterroc]

Anyone got a link to a simple explanation of the new law that goes into effect Monday that changes how credit cards can change interest rates and things like that?

Comments

[galbinus-caeli.livejournal.com]

You are not what the card issuers consider a model customer. You are a leech (in their thinking). Anyone who pays off their balance before interest payments are due is costing they money. They like people to maintain a balance as close as possible to their maximum, and make the minimum payment each month. That way they maximize profits.

[zandperl.livejournal.com]

Oh, I didn't say who I was a model for. :-D