Is it time to regulate banking and credit card price gouging with their exorbitant interest rates?
Why is this important?
I find myself caught in a catch 22. I make too much to go bankrupt (according to the rules), yet Congress changed bankruptcy rules that essentially forbid bankruptcy, while simultaneously allowing banks and credit card companies to jack up interest rates to whatever they like (I have 1 at almost 29%). They should have just brought back debtors prison.
