Reply #47: Yet here we are with c/c companies changing their rates and rules

[rpannier]

We have laws against 'loan sharking' and 'usury fees' yet credit card companies have crossed well over that line to the point where they are getting away with 25-30% on people who ARE paying their bills on time, they lower the amount of credit available because they feel like it, thus damaging people's credit ratings, etc.

The president ought to issue an executive order that caps fees at 15%, using the war against terror as his justification for doing so.
In trying times, when the security of the nation is at risk everyone has to tighten their belts -- that includes these banks and lending institutions.