Credit card holders drowning in the dark

If you are late making a payment on one of your credit cards, what is the amount of the fee that you are assessed? Does your tardiness affect the interest rate that you are charged? If so, will the rate ever return to its earlier, lower amount?

Few people actually know the answers to these questions - unless they've seen the shocking bad news in black and white on a bill after they've been hit with the burdensome charges.

But now, after years during which changes in the laws always favored credit card issuers, the consumer may be about to get a break. For starters, Congress is looking at rules that would require credit card companies to list their fees and penalties in a way that is clear and understandable to the average consumer.

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