Congress Acts On Consumers’s Anger Towards Credit Card Companies
Recently, the U.S. House of Representatives held a vote to freeze the interest rates that credit card companies can charge their customers.
The move was prompted by the increasing amount of anger building up from their constituents who see the banks profiting from the misfortunes of customers. The vote was 331-92, one of the rare pieces of bipartisan votes that have been held recently. For the past ten years, the balances that Americans are holding carrying over to the following month has been steadily increasing.
One reason for this is the worsening economy which forces more people to use their credit cards for daily essentials such as food and utilities. Finding the lowest credit card rates can help you to take control of your finances.
Last modified December 24, 2009Author 2851 > has blogged 99 times
