Limit credit card use
Thursday, 28 May 2009 13:07
Judge Greg Mathis
The U.S. government is headed towards drastically restructuring the way credit card companies do business and, in turn, easing a heavy financial burden carried by so many Americans. Congress has approved, and the President is expected to sign, legislation that will, among other things, control sudden credit card interest rate increases and late fee charges. Of course, the credit card industry is not happy with these new restrictions and will look for new ways to generate profits. So, even the new law will protect consumers, individuals must still exercise restraint when using credit cards.
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