I read where deregulation of banks actually lead to the downfall of our financial system here. While I know too much regulation is not always a good thing , if banks don't regulate themselves we need laws to protect the consumer or the average Joe. Now I 'm hearing that even if you have excellent credit and pay your bills on time , they can still jack up your interest rate,it happened to my ex, when they made his interest rate go from 12% to 29%. How the heck do they expect people to pay their bills then?
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