That Austan Goolsbee should have been a used cars saleman. What a bunch of hot air and baloney he is spewing.
The most important thing is that the credit cards companies can still raise the interest rate anytime and there is no limit and the fees and the penalities are still as they wished.
Providing you with readable contract etc etc is nice but the most important thing is how much interest is charged and the penalities and fees.
Another make-believe posturing without real substance and bite from team Obama.
Where are the financial regulations talked about in this piece. I guess he meant bailing out Wall St. and the banks and doing nothing to stem the tide of forclosures. Enough bullshitting.

What a bunch of warm hearted folks this article
brought out. I wonder if they know what the best
going rate is and how much less it is than they are
paying. Hope they are paying close to 20%.
For too many people a credit card is the difference
between having gas to get to work on payday and
missing a day’s work. These people get stuck with the
bad interest rates and painful increases.
Amex just shagged me for a higher rate and yes I will
tell them to sod off. Fortunately my credit rating
gives me the freedom to go where the good rates are.
Far too many have little option.
Has any one noticed that in all the discussions of
the economy lately we hear about the rich and the
middle class and no one worries about the poor?
Now isn’t that a thing to take pride in?

The same people bellyaching about consumers protections would argue against their own best interests. Here we have the fed doing something to protect peoples rights so as not to be taken to the cleaners, why do I feel these complainers miss Bush and Chaney?

Obama must not do anything right for to allow good things to happen is a no, no! Yeh, this is socialism, that’s it, this is socialism!

Decisiveness is important in the grand scheme of things, for a people united would have seen this done a long time ago same as a national medical plan.

We are talking about two willing participants in a contract agreement, right? If you don’t like the terms of the contract then don’t enter into it. WTF.

Wow… Two negative comments to a very positive thing we’re getting.  There are all kinds of important protections in the new rules.  Just one of the more important is that a creditor cannot raise your interest due to the status of any of your other creditors.  That is a serious problem.  I used to work in Debt Management and if a person put one account on debt management b/c their interest was too high, the others (that he/she had current) would raise their APR rate.  They can’t do that now.  Somewhere I had printed out the particulars of this new law, but can’t find it in my massive gathering of saved articles…  but I remember at the time seeing 4 or 5 very important consumer protections. 

It’s dismaying to see a good thing belittled.

Come off it. Any intelligent person with credit card does not need to be baby sat by Uncle Sam. What the real deal here is…is there is NO real change. In fact the credit card companies could care less that they have to make print more readable, due dates more explicit etc. Real change would have forbidden credit card companies raising rates on an established customer. This is not the case. They will be raising rates and doubling payments and more. There is no Protection here….just a bunch of little tid bit changes to appease the stupid idiots that reside in U.S.ofCorporations and Bankers.

The masses have nobody to blame but themselves for what they are about to get. Even third world nations, the citizens will riot and protest government and corporation controls. Not in U.S. The people really are as stupid as all the foreigners have been saying.

You all get what is coming to you….which is…you lost your nation.