Dodd Proposes Credit Card Rate Freeze AFTER Rates Hit 29%

Bill Hardekopf, CEO of Lowcards.com , emails us with his latest on news that Chris Dodd would propoze a rate freeze on credit cards. This comes after Citigroup and others went crazy hiking rates: Kardekopf: Today, Senate Banking Committee Chairman Chris Dodd introduced new legislation that would immediately freeze credit card rates on existing balances through February of 2010. Dodd felt this bill would prevent issuers from further interest rate hikes that have taken place since the Credit