Jamie Court: Is Credit Card Reform Real?
March 21, 2010 - I spent a half hour on Larry Mantle's popular Los Angeles Air Talk Show this morning going through the pro's and con's of the credit card reform President Obama is expected to sign this weekend. The legislation also would require card companies to apply a consumer's monthly payment to the debt with the highest interest rate, or to all debts equally. What did not it do? Cap interest rates. An amendment by Senator Bernie Sanders last week to cap interest rates at between
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