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If you haven't looked too closely at your credit card bills lately, you better take a good look because your interest rate could have changed without warning. Recently several credit card companies have been increasing interest rates on credit cards, cutting spending limits, and banks are reassessing property values all behind card holders backs. Experts say the actions of these companies is due to a consumer-protection law that will go into effect on February 2010.
This Time Around Credit Card Companies are the Scammers
suntimes.com - 15 weeks ago - 76 views
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30% rates becoming the norm?
The article is gone but I did see it when it came out. HSBC did this type of thing I think earlier last year. Here's a related story.
http://consumermaven.typepad.com/customer_experience/2009/02/hsbc-servic...
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