A bill will soon become law that curtails certain practices of the credit card companies. The irony is that banks were told this month to raise more capital, then Congress decides to impede one of the banking industries more lucrative businesses. That is not to say that banks should be allowed to run amuck with interest rates and fees. However, it will most likely be the 42 percent of Americans who pay their complete balances on time every month who will end up paying for this new law.
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