Credit card companies are not happy about the bill
19 May, 2009
Natuarlly, the credit card companies are not pleased.
In fact, they have gone so far as to threaten card holders that penalties will become stronger and be more severe, annual fees will be higher, and there will be less in the way of points programs.
The bill only has effect in the United States but like many fads down south this should find its way to Canada before long. Regulations are not excpected to kick in until July of 2010.
The Consumerist: Bankers Threaten To Punish “Good” Cardholders If Reforms Pass