Thank you for protecting frequent credit card debtors from themselves. Now that banks can’t profit from them anymore, now they’re going after people who pay on time and in full or people who barely use their cards.
If you really wanted to stick it to the credit card companies, you could have sided with people with good credit who accrue reward points and frequent flyer miles while the companies only get by with merchant fees instead of interest payments.
Then again, our lobbyists don’t pay as much as debtor’s lobbyists, so I can see how you’ve come to this decision.
Thanks, federal government.