more importantly that just listing the interest, laws where pas t to constrain credit card lenders from being able to enact interest rate hikes for late payments as well as payments over the minimum payment are applied to the highest interest balance first. These are far more significant rules enacted by this legislation.

Not to get too deep into politics but I am not a big fan of Obama (the other side either) but he got this one right and for that I commend him.

kls....the link in the post (to the NPR article about the law) shows all the things that the law does. Those others though, are more abstract and tend to apply to those that might be in 'dire straits'. i.e. those that have overdrafts or exceeded their limit or made a late payment.

However, everybody will benefit from this regardless of their credit history and purchasing habits.

That's all I was pointing out.

Also....as an aside, I am a big fan of Obama (generally speaking) and he has achieved many things. It's just that they are hard to see...which is why I saw it fit to illustrate this thing that's pretty tangible.