The net result of the credit card legislation is that millions of young Americans simply won't be able to get a credit card at all because of the new restrictions. That could be a problem.
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Being in debt is about to get a lot more expensive for millions of Americans. Credit card issuers have been rushing to raise rates in advance of this ...
Guess who's going to get screwed by the "Credit Card Accountability Responsibility and Disclosure Act"? Responsible people who pay their bills on time!
We have a once-in-a-generation opportunity to end the abusive and predatory practices of the credit card companies.
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