John
Louisville,#2Consumer Comment
Sun, August 12, 2007
Credit card companies are no longer bound by usury laws as they are almost all incorporated in South Dakota...which recognizes no limits on interest rates. The Supreme Court ruled that all states must recognize interest rate rules in other states...translation: There are no caps on interest rates anymore in the USA....What happened to you is perfectly legal. The only way out of this is for the voters to take back our government from bought off GOP and Democratic members of Congress....It may be too late for this...Americans have become to dumbed-down to care about anything other than Paris Hilton...