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The new law regarding "late fees' that can be charged goes into effect Sunday. As stated by various institutions in this article, they will be losing a lot of money. This would tend to make me believe that they will make up for it in other ways, such as annual fees, balance transfer fees, etc. I also think it will mean another tightening of CLI's.
http://online.wsj.com/article/SB10001424052748704488404575441973030124064.html?ru=yahoo&mod=yahoo_hs
((I understand this article may be more suited to CREDIT IN THE NEWS but I also have read many threads in this forum regarding these topics so thought I would share, as I know some don't read the other forum sites, such as CREDIT IN THE NEWS and thought it would be of interest here))
I would think that the card issuers would want to see more cardholders carrying balances (for a few months or so) giving them the ability to collect interest fees. With the raising of the rates in the last year or so it would make better sense for them to be a little more lenient with those that cannot pay in full. With the recent reports regarding the reduction of delinquency rates and more folks paying off their debt this will give their balance sheets a little more breathing room to carry unsecured debt.