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Petitioning U.S. House of Representatives and 1 other

Restore the restriction on credit card usury

Credit card companies now base their operations in states without restrictions on exhorbitant interest rates, and use these bases to charge those rates in states that do have restrictions.  I recently charged $130 on my Chase card, and somehow the bill got mislaid in the mail.  The next bill had a "late charge" of $30, which is a whopping 277% interest rate.  Chase informed me that in the current economic climate they no longer waive late charges, and the interest rate is legal where they are based.

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