Explorations of a Life
In its May 7 editorial, the Star Tribune endorsed the Credit Cardholders’ Bill of Rights, arguing that it offered long-needed reforms to the credit-card market in the United States. The recent passage of this landmark legislation is a step in the right direction, but reforming the law relating to credit-card charges imposed on cardholders leaves completely unregulated the credit-card charges imposed on merchants but ultimately paid by all consumers in the form of higher prices for goods and services.
