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Credit Card Rate Increases

Credit Card Rates: Banks Plan To RAISE Rates, Annual Fees

AP | JEANNINE AVERSA | Posted 11.09.2009 | Business

Read More: Credit Card Reform, Credit Card Companies, Credit Card Rate Increases, Federal Reserve, Banks, Credit Card Rates, Credit Cards, Prime Borrowers, Credit Card Industry, Credit Card Fees, Business News

WASHINGTON — Banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate hikes, the F...

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Obama Needs to Be Tough on Credit Card CEOs

Robert S. McElvaine | Posted 05.23.2009 | Business

Read More: Greed, Populism, Class Warfare, Bankruptcy, Economic Crisis, Credit Cards, New Depression, Credit Cardholders Bill of Rights, Global Recession, Credit Card Abuses Legislation, Obama Credit Card Abuses, Credit Card Rate Increases, Banks, Banking Crisis, Financial Crisis, Great Depression, Business News
Robert S. McElvaine

The American people do not want the unconscionable interest rate increases made "easier to understand" -- we want them reversed.

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Keep the Bank Pirates on the Run

Robert S. McElvaine | Posted 05.20.2009 | Business

Read More: Greed, Credit Card Abuses Legislation, Populism, Class Warfare, Bankruptcy, Economic Crisis, Credit Cards, Obama Credit Card Abuses, New Depression, Global Recession, Credit Card Rate Increases, Banks, Banking Crisis, Financial Crisis, Great Depression, Business News
Robert S. McElvaine

President Obama seems to be hearing the growing outcry against the big bank pirates' declaration of war on the American people through their outrageous increases in credit card interest rates.

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Banks Declare War on America

Robert S. McElvaine | Posted 05.16.2009 | Business

Read More: Greed, Populism, Bankruptcy, Capitol One, Economic Crisis, Bank of America, Recession, New Depression, Credit Cards, J.P. Morgan Chase, Credit Card Rate Increases, Citibank, Financial Crisis, Banking Crisis, Banks, Class Warfare, Amex, Great Depression, Business News
Robert S. McElvaine

These rate increases -- some to as high as 29 percent -- are exactly the opposite of what the bad economy needs for recovery.

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