New rules to protect credit card users from high and deceptive charges likely won’t be in effect to until December 1st.
For some banks, that means a window of opportunity to get rates up while they can.
Bloomberg: Wells Fargo & Co. (WFC) plans to raise interest rates on a majority of credit-card customers by 3 percentage points before new rules limiting such increases take effect, according to a company executive.
Wells Fargo’s new new commericial says, “we’re with you…together, we’ll go far.” Really?
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