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The Lie That’s Inflating Your Credit Card Bills


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Credit card companies doubled interest rates on the false claim of inflated financial risk — and now to fight new late-fee rules, they’re threatening to raise them even higher.

Over the last decade, credit card companies have jacked up interest rates to a record high, costing Americans $25 billion each year, even though regulators say lenders’ risk of losses has declined. Now, in response to a new ban on excessive credit card late fees, the banking industry is threatening to punish debtors with even higher interest rates as lenders’ profits skyrocket.

https://www.levernews.com/the-lie-thats-inflating-your-credit-card-bills/?

phkrause

By the decree enforcing the institution of the papacy in violation of the law of God, our nation will disconnect herself fully from righteousness. When Protestantism shall stretch her hand across the gulf to grasp the hand of the Roman power, when she shall reach over the abyss to clasp hands with spiritualism, when, under the influence of this threefold union, our country shall repudiate every principle of its Constitution as a Protestant and republican government, and shall make provision for the propagation of papal falsehoods and delusions, then we may know that the time has come for the marvelous working of Satan and that the end is near. {5T 451.1}
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