Townhall.com, Where Your Opinion Counts
Talk Radio:   Bill Bennett   Mike Gallagher   Dennis Prager   Michael Medved   Hugh Hewitt   
BREAKING NEWS  LeftArrow - Townhall.com : Conservative, Political, Republican   RightArrow - Townhall.com : Conservative, Political, Republican  
Columns, funnies & more in your inbox!
Login | What's Hot
  • Check the boxes and send us your email address to receveive your free newsletter
  • Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
  • Townhall.com’s weekly inside scoop on what’s happening behind the scenes in the world of politics. When news breaks, we report.
  • Signup to receive the latest daily Townhall cartoons
Wednesday, November 04, 2009
A look at credit card interest rate increases
Forward Print Share Single Page
Vote on It:
Average Vote:
[+] Text [-]
 
 
Poll
Do you feel the leaked information from a global warming alarmist organization is meaningful?



Credit card interest rate increases are behind the House's vote Wednesday to make new rules on credit card companies immediately, accelerating the February enactment date in legislation previously passed by Congress.

House Democrats say the change is needed because lenders are raising rates ahead of the Feb. 22 deadline. President Barack Obama signed the bill May 22.

A study last week by Pew Charitable Trusts' Safe Credit Cards Project compared interest rates being charged last December with rates in July. It found:

_The lowest interest rates offered on most bank cards jumped by more than 20 percent.

_Discover's lowest rate rose by 3 percentage points, from 9.99 to 12.99 percent.

_Capital One's lowest rate also went up by almost 3 percentage points.

_Bank of America, USAA and Target increased rates by 2 percentage points.

_The highest interest rates offered on most bank cards rose by 13 percent. Continued...
1 2
| Full Article & Comments | Next >
Share:
Forward Print Single Page
Vote on It:
Average Vote:
 

Join The Debate!

Post Your Comment
(0 comments so Far)
View in ascending order     View in descending order
Sign Up to Post Your CommentsSign Up to Post Your Comments
If you are already registered, click here to login. Otherwise, please take a few seconds to register with Townhall.com. Once you sign up, you’ll be able to post your comments immediately, use the action center, get podcasts, and more!
Note: Fields marked with a red asterisk (*) are required.
Salutation:
First Name:
*
Last Name:
*
Email:
*
Nickname:
*
Note: Nick name will be shown when you post comments.
Address 1:
*
Address 2:
City:
 *
State:
 *
Zip:
 *
Phone:
       
Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
(Bi-Weekly) We highlight the best opportunities from our partners for surveys, action items and more.