Missing cap on interest rates
What a disappointment! I was cheering with my friends and family at the passage of the Senate credit-card bill, but today I am wondering what happened [“What credit-card bill means,” Business, May 21]. How did we let a cap on interest rates get killed?
Of course we are grateful for some of the reforms, but we are all being bled by outrageous interest rates — rates we would never have signed up for! This is not good for America. Please put the interest cap back in.
— Patrick Dwyer, Seattle