Credit card companeis have been known to institute seemingly random rate increases for some time now and the practice was finally beginning to be brought to attention during 2006. However, the subprime meltdown along with a host of other problems buried it in the newsmedia. Perhaps it's time to bring this back to the public attention so that the Senate takes the time to continue their inquisition into this unfair practice...

From FWDailyNews:
In the midst of all the reports of home foreclosures and credit failures in 2007, an investigation that could affect anyone who has a credit card slipped under the radar. Spearheaded by Michigan Senator Carl Levin, the U.S. Senate Permanent Subcommittee on Investigations Hearing: “Credit Card Practices: Unfair Interest Rate Increases” met twice this past year, in March and December. While the senator doesn’t have another hearing scheduled soon, the investigation isn’t over, an office aide in Washington told me Thursday. What this is about is what Levin describes as arbitrary decisions by credit card companies to increase the rates on consumers’ cards, on what often seems like an inexplicable whim. The problem is, you agree to this whim when you get your credit card (read the fine print in your cardholder information packet).