CHESSNOID

Last year, Congress enacted new laws to protect consumers from abuse by the credit card companies.  Today, those new rules go into effect and you may have seen changes on your Visa, MasterCard, American express, and Discover statements.  The credit card companies and their attorneys are busy finding loopholes to get around the new changes [...]

So we have new laws to combat credit card company abuses.   However, the credit card attorneys have already found the loopholes to make sure the credit card companies can make up the money in other ways.   The credit card companies Visa, Mastercard, American Express, and Discover have have plenty of time to make [...]

The credit card companies are at war with consumers.  They have taken preemptive action to keep its profits from turning to losses.  The credit card companies have rushed to change all fixed rate cards to variable rates to basically expose a loophole in the new laws passed.
The Latest Credit-Card Tricks
Under the new rules, companies [...]

Do you find it odd that banks are paying back TARP, unemployment supposedly went down from 10.3% to 10%, and GDP expanded by 3.5% and yet the credit card delinquency is still rising?  At least for the credit card companies who are not cooking the books and manipulating their numbers.
Reuters: U.S. credit card charge-offs resume [...]