Showing posts with label credit. Show all posts
Showing posts with label credit. Show all posts

Thursday, December 18, 2008

Good news!

Check out the article from AP, "Regulators adopt new credit card rules" by Marcy Gordon @
http://www.google.com/hostednews/ap/article/ALeqM5gUaC-canALwb8
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Some of the new rules outlined here are exactly what I was hoping for, with the issues concerning credit addressed in my last post. I see a new focus on more beneficial regulation and banking practices coming from this financial crisis. Although I know it affects all of us negatively to some degree, the best that could come of this situation is a new understanding of how unfairly the banking system has treated people who are already living on the edge, a new due diligence to protect their interests, and a real opportunity for those swamped in debt to get out of their present predicaments. These changes ought to be only the beginning; there are many more unfair and predatory practices to be addressed. I pray this change indicates a new view on the part of our policymakers toward economic fairness and justice... that is the vision I hold for today.