interest rates and fees goes into effect today but there are important things you need to know about. tracy burns is here to fill us in. let's talk about fees. good news from consumers because there is a limit on penalty fees. what is that all about? >> thank goodness because now the penalty is going to max out at $25 even if the amount that you improperly sent was higher than that they have to cap out at 25. the good news, too, is if it is less than that, if let's say you owe $20 instead they can't fine you for more than the amount you are basically the fee's required for. know that shannon there is no more inactivity fees. if you don't use your credit card you will no longer be charged for that. that is a great thing because people are trying to cut back on credit card usage. used to be you got a penalty for not using it and that is gone. other fees are still around. unfortunately, the credit card companies have the right to justify any other fee. these are mostly your late payment penalty fees that we are talking about here. >> shannon: what about rate
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