Bank of America has performed in my humble opinion a criminal act against most of its consumers. Credit card customers have had their rates increased by an obscene amount.
Generally without any rhyme or reason behind it. Except for the lame excuse that it is because of the economy. Apparently there are to be regulations imposed by our government to stop this type of obscenity that some banks and credit card companies are doing. What I'm curious to know is WHY is our government WAITING until JUNE 2010 to impose these regulations???
Why is our government not putting limits RIGHT NOW on this type of criminal practice that B of A and other credit card companies are doing to the American public!!! Why wait until 2010??? Funny how these banks and credit card companies are being given a "head start" of sorts.
I wonder who is profiting from this "wait". It sure isn't anyone that I know.
Product or Service Mentioned: Bank Of America Credit Card.