Don’t Be Fooled by New Credit Card Laws; Citi Still Raising Rates

If you’ve got a credit card, you can’t be blamed for thinking that the landmark legislation recently passed by Congress to curb abuses by card issuers would mean the end of things like arbitrary interest rate hikes. That was supposed to be the point, after all, of Congress’ belated efforts to put an end to predatory lending practices by credit card companies, following years of complaints from consumers. But then the Financial Times comes along to report that Citigroup suddenly hiked rates