Obama's well intentioned Credit Card regulations spawned the first missive from the credit card industry.
online.wsj.com/article/SB10001424052970203577304574276302614628572.html
To sum up the article, variable rates generally rise as interest rates rise, as rates are at all time lows, there is no where to go but up, causing more pain for revolving owners of debt. These changes will make it easier for card issuers to bump up rates without prior notification to cardholders.
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