Credit card companies' change of heart - The Red Tape Chronicles - MSNBC.com

Dropping their most objectionable policies has nothing to do with the goodness in their hearts, but rather is a preemptive strike in the midst of congressional scrutiny and is designed to fend off possible regulation of the industry. However, the author predicts that leaving credit card companies unregulated will only bring us back to the same situation prior to these recent changes, with creit cards creating policies and fees that are designed to trap consumers in expensive debt.