rules. now, that s good news but what has happened before the deadline has consumers fuming. take a look. consumers have had it with their credit cards. i paid my bills on time. i ve been penalized for no reason. they don t care that i ve been with them for 30 years. and then i might have a history with them. that is the bottom line. reporter: kathleen dillon and rev rabd roger gench is dealing with the unintended koens conversations squenszs of credit card reform. facing consequences, they have changed theish shusz. among the new credit card rule, interest rates can t be raised on existing balances or on accounts that are less than a year old. and above the minimum payments must be applied to highest rate balances first. those changes will cost banks money, $11 billion each year, and lenders are looking for new sources of revenue. interest rates will be a little bit higher across the
happened before the deadline has consumers fuming. consumers have had it with their credit cards. i paid my bills on time. i ve been penalized for no reason. they don t care that i ve been with them for 30 years and i might have a history. that s the bottom line. kathleen dillon and reverend roger gench is dealing with the unintended consequences of credit card reform. facing tighter regulations, credit card issuers have been changing policies before the law goes into effect on monday. among the new credit card rules, interest rates can t be raised on interesting balances or on accounts that are less than a year hold. and above the minimum payments, must be applied to highest rate balances first. those changes will cost banks money, $11 billion each year. and lenders are looking for new sources of revenue. interest rates will be a little bit higher across the board. it will be harder for people to get cards. limits will be lower. and beyond that, card companies are looking at a
in pennsylvania, a suburb of philadelphia. a piece of trivia, guys. same high school as kobe bryant. really? all right. died at the age of 85. we ll have much more on this at 10:00 a.m. but your bottom line and gerri willis starpts now. good morning. i m gerri willis. and this is your bottom line. coming up, new credit card rules take effect in just two days. are you ready for the changes? we ll tell you everything you need to know. plus, the dos and don ts of remodeli remodeling. a look at projects that really pay and those that are simply a waste of your money. and generic versus brand name, from quality to safety to saving you money. what you need to know before making the choice. the show that save use money starts right now. well, starting monday credit cards will be playing by new rules. now, that s good news but what has happened before the deadline has consumers fuming. take a look. consumers have had it with their credit cards. i paid my bills on
change over time. what we can learn about h1n1, avian flu, lots of pathogens and how they can spread as well. if you miss any part of today s show, check out my podcast, cnn.com/podcasting. and remember, this is the place for your answers to all of your medical questions. thanks for watching. i m dr. sanjay gupta. more news on cnn starts right now. hello, everybody, from the cnn center, this is cnn saturday morning. it is february 20th. good morning. thanks for watching. i m betty nguyen. i m grew giriffin in for t.j holmes this morning. thanks for starting your day with us. we are talking about the tiger woods apology and politics. according to minnesota governor, the two topics, they go hand in hand. now, i think we can can learn a lot from that situation. not from tiger but from his wife. so she said, i ve had enough. she said, no more. i think we should take a page out of her playbook and take a 9 iron and smash the window out of the big government in this count