The New Credit Card Law
A new law went into effect on Monday of this week to put a stop to what many have called ‘predatory practices’ engaged in by the credit card industry. I have mixed feelings about these kinds of laws. I am very much a Libertarian and believe that the government should not be micro managing private enterprise, but the credit card industry has really gone too far in recent years. The variety of fees they have invented, not to mention interest rates as high as 30 percent, all seem to have pushed Congress over the edge. These changes appear to be... Read more →