You must remember this. Never forget where we were.

[bobclark86]

52. Reason 1,363 I don't come here as often anymore...

People refusing to read links and being intentionally obtuse:

"Key provisions include: (1) Giving consumers enough time to pay their bills. Credit card companies have to give consumers at least 21 days to pay from the time the bill is mailed. Credit card companies can not "trap" consumers by setting payment deadlines on the weekend or in the middle of the day, or changing their payment deadlines each month.

(2) No retroactive rate increases. Credit card companies must give consumers at least 45 days notice if their rates are about to go up, and can not change any terms of the contract within a year. Low introductory rates must last at least six months.

(3) Easier to pay down debt. Credit card companies must apply payments to a consumer's highest interest rate balances first. Statements must show consumers how long it would take to pay off their existing balance if the consumer made only the minimum payment, and must show the payment amount and total interest cost to pay off the entire balance in 36 months.

(4) Eliminates "fee harvester cards." The act restricts fees on low-balance cards sold to cardholders with bad credit. For many of these cards, the up-front fees charged exceeded the remaining credit.[4] The act also restricts the fees that can be charged for gift cards and other prepaid cards.

(5) Eliminates excessive marketing to young people. Consumers under the age of 21 must prove that they have an independent income or get a co-signer before applying for a credit card. The Act also prevents credit card companies from mailing offers to consumers under 21 unless they "opt in," and prohibits companies from wooing students with T-shirts, free pizza and other free gifts at university-sponsored events.[5]"