Banks squeeze responsible credit card holders ahead of legislation

You gotta love free-market capitalism:

"Basically, if there's money to be made via some new fee or strong-arm practice, the banks have done it,"Los Angeles Times writer David Lazarus summarized. "Tony Soprano and his crew pretty much operated the same way."

Gee, I'm sure glad I've been carrying all that debt at the 0% introductory APR and then making the minimum payments. Sucks to be you responsible folks though!

UPDATE: Scratch that. One of my credit card banks got me. My rate will go from about 7 percent to about 21%. I'm opting out, yo! See yuh!

Big banks aim fees at those who avoid debt, pay on time

By Stephen C. Webster

October 26, 2009 | rawstory.com

URL: http://rawstory.com/2009/10/big-banks-aim-fees-avoid-debt-pay-bills-time/