The Credit Card Accountability, Responsibility and Disclosure Act of 2009 (aka the CARD Act) brought protections to personal credit card holders from sudden hikes in interest rates and other practices deemed unfair — but it exempted business credit cards. (creditcards.com)
Although a large number of consumers and buyers had opted for offers with locked mortgage rates, according to the Canadian Association of Accredited Mortgage Professionals, there is still a large population, constituting almost 31 percent of all mortgages, who will be directly affected by any sudden hike in the interest rate. (syndicatemortgages.com)
It was, after all, a timely reminder of how much impact a sudden hike in interest rates can have. (therealdeal.com)