Steven Colbert on Credit Card Reform

Our expert team here at CreditBloggers.com has been working diligently to keep track of the latest credit card reform news from Washington. Just today, we had an hour-long conference call with our experts based in California, New York, Georgia, and Florida to decipher the latest compromise announcements. We'll be sharing all the details with you as we receive more updates about the final bill.

In the meantime, enjoy this clip of Steven Colbert explaining the complex systems that credit card companies use to set your terms (beware: it involves a credit rule monkey and a credit rule randomizing wheel!).

Tagged as: credit card APR, credit card bill, credit card fees, credit card law, credit card news, credit card reform, credit card rules

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