State Law

Watch Your Credit Cards

By Ryan

Credit-card companies continue to raise customer interest rates and fees despite a record-low target rate from the Federal Reserve and billions of dollars in bailout money that has been pumped in to the financial companies. Fox Business News.

Rates are rising all over the place even for customers with good credit.

Reading about rates increasing over 300%.

These rate increases will significantly impact your CT small business clients who finance some of their business through the use of cards. 

Something, you may want to consider making your clients aware of.

Full post as published by A Connecticut Law Blog on February 24, 2009 (boomark / email).