Comments on: Feds Take Swipe At Credit Card Rules

Regulators OK Sweeping Changes That Will Limit Interest Rate Hikes By Card Companies

[irkulyen77]

There is a simple solution to credit card rip-offs: STOP USING THEIR %u201CSERVICES.%u201D Limit yourself to ONE credit card, or better yet, none. Pay them off and then be done with them forever. I%u2019ve done it. It was painful at first but I am now debt and credit card free. Loss of customers will get their attention better than government intervention. I sleep a lot easier at night.

[a_witness-2009]

How do you think all of these government officials end up with beach houses, expensive vacations, out of country bank accounts etc. Credit Card Companies RAPE the American people daily and the bought off government officials turn the other way.

[AgentGGG]

When corporations need assistance, we get instantaneous bailouts in the hundreds of billions of dollars range, without oversight, and without any assurance that the policy goals for those public funds will be attained.

This small step to aid consumers, takes effect at the earliest 18 MONTHS from now, may cost the industry $10 billion, and will certainly be legally contested. The rules will not likely be retroactive, indicating that consumers will bleed another $15 billion before these rules even take effect.

Does anyone see a problem with the math here???

[a_witness-2009]

How do you think all of these government officials end up with beach houses, expensive vacations, out of country bank accounts etc. Credit Card Companies RAPE the American people daily and the bought off government officials turn the other way. WE ALSO SHOULD BE ABLE TO DEDUCT CC INTEREST OFF OF OUR INCOME TAX TOO.

[whitemale08]

WOOPIEEE!!!

TOO LATE!!! AMERICAN SERFS ARE WAKING UP TO THE CREDIT CARD SCAM!!!!

WE DON''T WANT YOUR SERF-PASSES ANYMORE!!!!

WE HATE SERFDOM!!!!!

[bb543]

Agreed. Pathetic. It should be implemented
immediately/

[solarrays247-2009]

The credit card companies have about twenty months to rape everyone before the new rules kick in. Funny it takes the government that long to make changes and the credit card people do it overnight!!!

Posted by advanceus at 03:02 PM : Dec 18, 2008

My thoughts exactly!!

[advanceus]

The credit card companies have about twenty months to rape everyone before the new rules kick in. Funny it takes the government that long to make changes and the credit card people do it overnight!!!

[saraplumber]

This whole country is screwed up.
Posted by fatdough_boy at 11:50 AM : Dec 18, 2008

What was your first clue?

Posted by txgrouch2008 at 02:16 PM : Dec 18, 2008
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Your comments.

[jowand]

Until no deadbeats get credit cards everyone will continue to pay high interest rates. Live within your means and pay the credit card off each month.