House Bill Would Cap Credit Card Rates at 16 Percent

Equating today’s rising credit card rates to usury, several House Democrats today announced plans to introduce legislation capping credit card rates at 16 percent.

“Things were a lot better for the average person in this country when we had usury…

Credit Card Waivers: The Story That Keeps on Givin’

Mike Lillis at our sister site, The Washington Independent, continues to follow the Credit Cardholders’ Bill of Rights weaving its way through Congress — a story so maddeningly convoluted it can only be matched by the frustration of reading the…