Why or Why not should credit card industry offer tighter regulation?
by Author on Sunday, July 11th, 2010 | 2 Comments
Basically, Why are you against tight regulation of the industry? and why are you for tight regulation?
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Too many people not paying their bills, leaving other people to pay for their irresponsibility with higher interest rates, fees and hidden charges. So, yes, I’m all for CC companies tightening up their regulations.
Plus it protects those with already bad credit and debts, keeps them from getting too far over their head.
An industry or business should set their own rules. That is capitalism. It is not a company’s responsibility to babysit the consumer and his spending habits. People should take responsibility for their own finances and stop blaming everyone else.