Welcome back to the most news in the morning. we have christine romans minding your business this morning. you re talking about the biggest changes to the credit card rules we ve seen. the way you handle your money is going to change. this is so big. i cannot stress to you enough these new credit card protections on february 22nd are going to be incredibly important for millions of americans and for millions more it s going to be a shock in the mailbox. your credit card statement is going to look different. we have one from bank of america to show you what it will look like. very clearly in that circled part there it will show if you make no additional charges and use this card and you pay only the minimum payment, it s going to be shocking. it s going to tell you how long, how many years it will take you to pay off your credit cards. it will also tell you how much you have to pay every single month to pay it off in 36 months. for most americans that will save thousands of dollars to
Consumer protections? what was the best argument you heard from somebody high didn t want this other than saying i get donations from banks? they made stuff up. the best way they make their arguments, general. it s out of control. irresponsible. you pointed out specific things it has done. there are lots more. lots more. credit card protections, students loan protection. i have asked every time we have a hearing on this, seen the comments from trump and senator graham from mulvaney. they complain about you have ever heard a specific example of where the agency supposedly did something wrong? no. i m trying to figure it out. they are ideologically imposed to consumer protection in general. some of them how do you i am not i get it. i get that. explaining stupidity. i take issue with the wait. let me respond. it s somewhat theological. these are people, many of whom believe so much that free
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