Mr. Shaman
Well-Known Member
- Joined
- Nov 27, 2007
- Messages
- 7,829
Yeah, you can tell The DICK; Cheney is no-longer "managing" Lil' Dumbya's PERPETUAL-VACATION Day Planner.....and, crackin'-the-whip on (his) "legislators" & Federal-Prosecutors!!!!
"Two members of Congress plan to introduce a bill Thursday that would accelerate the implementation of a law restricting the ability of credit card companies to raise interest rates and fees. Rep. Carolyn B. Maloney (D-N.Y.), chairman of the Joint Economic Committee, and Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, are seeking to move the effective date of the credit card law to Dec. 1 from Feb. 1.
Signed into law in May, the Credit Card Accountability, Responsibility and Disclosure Act forbids card companies from raising interest rates on existing balances unless a borrower is at least 60 days late. If the cardholder pays on time for the next six months, the company would have to restore the original rate."