by Tricia
Much to the dismay of credit card companies, Congress held a conference today to discuss some of the tricky fees and penalties that credit cards impose on customers (not to mention the gobbely-gook in the fine print – I don’t even understand all of it, do you?).
Of course, banks and credit card companies are not happy. As for me, those fees and insane interest rates make me angry. And when I read stories of people trapped with high interest rates after one mistake, it makes me sad.
For more details on this, check out this nice post from Andrea at Wisebread. Make sure you check out the video at the bottom of the post. It’s priceless 🙂