Reply #1: I found out that they will also be increasing credit card rates to 29.99% or more for any charges

[freshwest]

Made after June 25th, no matter how good the payment record is.

Looks like that bought and paid for GOP victory in 2010 is paying off big time as they are undoing Obama's changes he put in place.

It's hard to imagine what impact this will make on the economy and the flow of credit for businesses and individuals as well.

I saw something here on DU a while back mentioning this but didn't pay it any mind and then came across this information helping someone out with their account there today.

So essentially this is going to be a worse credit crunch than before. When I suggested moving to another bank, the officer told my friend that they would all be doing it because of all the mortgage defaults.

Anyway, told my friend to pay if off if possible, if not, be prepared for that usurious rate.