Credit-card issuers rush to raise fees
A consumer needs to watch very closely all the inserts coming into the mail with your statement. There's going to be a lot of changes coming down the pike. Moreover, if you see any kind of contract change or interest hike that you don't like, there are opt-outs. It may be difficult to find another card that meets your needs, but they'll probably be out there somewhere. It's worth looking around. Don't accept terms that you don't want. --David Lazarus
In this Marketplace report, L.A. Times business columnist David Lazarus talks with Bill Radke about how credit-card companies are raising fees before new rules limiting interest-rate hikes go into effect, and what consumers can do about it. Listen to the report.