Kathleen Dill On News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Playing by new rules, but what has happened before the changes has consumers fuming. gerri willis has the story. reporter: 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 that i might have a history with them. that s the bottom line. reporter: kathleen dill on and reverend roger gensher teelg with the unintended consequences of credit card reform. 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 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 board. it will be harder for people to get cards. limits ....

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