Congress has screwed up again and now people credit card rates are increasing to the maximum. Fees are being put in place.
Why? Congress protected to people that overspent and now the responsible are getting fees and rates that they do not deserve.
Congress = unintended consequences?
I think the the consequences were not necessarily unintended. The credit card companies had lobbyists all over the hill and over 50 amendments were introduced to carve ot exceptions to make sure the credit card companies remained very profitable..