Oct 26
The ill-conceived credit card legislation passed by O and congress in May has precipitated the recent reactions by the credit card companies. Interest rates are a secondary problem; most of the pressure brought to bear on the consumer unfortunate enough to have a credit card balance has been caused by the change in terms - increasing the minimum payments - as banks scamble to outflank our pandering congress. So consumers are doing the logical thing: trying to pay off the outstanding credit car
