And its about time the green flush credit card industry got a mowing by our government. Deregulation of the credit card industries in the late 1970's has seen an ever increasing, out of control, spiral of higher interest rates, higher debt limits, higher tolerance for high risk card holders, followed by higher interest rates. And this spiral culminated in a bankruptcy reform law passed by Republicans to better protect the credit card issuers in the event of consumer bankruptcy filing.
Continue reading Credit Cards: Democrats Eying Shylocks.
