New Credit Card Law May Be Costly

[debtcc]

Wonderful video, explaining the law thoroughly law in short

[breaker19900]

whenever something great has been done, there's always a video saying its bad. Why don't you delete this video because it's crap. The old credit card tricks banks were using are bad, now better ones are in place and you make shitty videos like this.

[pdacek]

Heres an idea....put a lower cap on interest rates. Government "trying" to help, but this will in fact hurt a lot of people. Our government F'ing us again.

[goose0139]

Excellent work ...short sweet and right to the point =}

[david22202]

Excellent video!!!

I think there are a lot of issues at hand. How will someone who would normally be considered 'not worthy' of credit, but banks would only give them that credit at rates that would be profitable? Won't banks turn a lot more people down for credit? Will the governement force banks to lend to everyone regardless of credit at rates where profit isn't possible?