1. The credit card companies often send you a change of contract notice effectively stating ‘your rate is going up to 29 or even 39% interest.’  If they want to change your rate (to what  I personally think is usury), it shouldn’t apply to past purchases.

2. They should be required to put contract changed in simple terms with large type rather than buried in pages of legal mumbo jumbo.

3. Many credit card companies mail the bills 14 days before they are due. Considering that 4 days are taken up by weekend days and 6 days (3 each way) are taken up by the mail, that gives you a maximum of 4 days to pay the balance. If you have to ‘allow 5 business days for processing,’ you are late before you get the bill.

 The average american household has over 7k in credit card debt and many are powerless to pay it off. The credit card companies know this and it leads some unscrupulous companies to act very predatorily towards consumers and I do support legislation to limit it. 

1. The credit card companies often send you a change of contract notice effectively stating 'your rate is going up to 29 or even 39% interest.'  If they want to change your rate (to what  I personally think is usury), it shouldn't apply to past purchases.

2. They should be required to put contract changed in simple terms with large type rather than buried in pages of legal mumbo jumbo.

3. Many credit card companies mail the bills 14 days before they are due. Considering that 4 days are taken up by weekend days and 6 days (3 each way) are taken up by the mail, that gives you a maximum of 4 days to pay the balance. If you have to 'allow 5 business days for processing,' you are late before you get the bill.

 The average american household has over 7k in credit card debt and many are powerless to pay it off. The credit card companies know this and it leads some unscrupulous companies to act very predatorily towards consumers and I do support legislation to limit it. 

The problem is not the banks, the problem lies with the credit card American culture that has developed over time.

But heck, they will just pass a form of the "Community Reinvestment Act" to get credit cards back in the hands of those that cannot responsibly use them, and pass the costs onto those that use their cards responsibly and carry little or no balance.

Is it the law of unintended consequences, or another case of the law of total ignorance of the side effects of the legislation they voted for but did not bother to read?

In addition, they send the bills and have the payment due often in such a short cycle that it is difficult to make the payment in time. For example, if you go on vacation the day before you receive the bill, by the time you come back, it may be too late to send it in on time. And you incur a $40 fee along with a 10-20% rate hike. This simply isn't right. I support legislation to limit the predatory practices of credit card companies.

I personally am not in credit card debt. I will not pay fees or interest starting from day 1. If the credit card companies try theses tactics, I will be using checks, cash and debit cards. They will be losing the amount that is charged to the merchants when I stop using their cards. Now they will make no money from me at all.