Comments on: Senate Passes Credit CARD Act http://www.consumerismcommentary.com/senate-passes-credit-card-act/ A premier personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Wed, 30 May 2012 21:29:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: lynda http://www.consumerismcommentary.com/senate-passes-credit-card-act/comment-page-1/#comment-193763 lynda Thu, 21 May 2009 17:22:50 +0000 http://www.consumerismcommentary.com/2009/05/19/senate-passes-credit-card-act/#comment-193763 Wake up America, this regulation is reducing your opportunities to borrow money on your own terms. Congress has swung the pendulum too far the wrong way and all of us will experience the pain of this action. While the intent may have been good, too many of hte changes are terribly wrong and restrictive. Up to now, we have all had the opportunity to use a credit card or not. Many of us will no longer have that option going forward. So thanks Congress, for screwing us all yet again. Wake up America, this regulation is reducing your opportunities to borrow money on your own terms. Congress has swung the pendulum too far the wrong way and all of us will experience the pain of this action. While the intent may have been good, too many of hte changes are terribly wrong and restrictive.

Up to now, we have all had the opportunity to use a credit card or not. Many of us will no longer have that option going forward. So thanks Congress, for screwing us all yet again.

]]> By: Lily http://www.consumerismcommentary.com/senate-passes-credit-card-act/comment-page-1/#comment-193710 Lily Tue, 19 May 2009 18:33:47 +0000 http://www.consumerismcommentary.com/2009/05/19/senate-passes-credit-card-act/#comment-193710 The bill sounds like a good idea but may be fraught with unintended consequences for responsible credit card users: http://www.nytimes.com/2009/05/19/business/19credit.html A second NYT article makes it sound less dire: http://www.nytimes.com/2009/05/20/your-money/20money.html The bill sounds like a good idea but may be fraught with unintended consequences for responsible credit card users:

http://www.nytimes.com/2009/05/19/business/19credit.html

A second NYT article makes it sound less dire:

http://www.nytimes.com/2009/05/20/your-money/20money.html

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