Clyde Ander News Today : Breaking News, Live Updates & Top Stories | Vimarsana

To 20 minutes past the hour on this "cnn saturday morning." it's a holiday weekend and people will go out and use a credit card in one way or the other. maybe good news on the way for you. you don't like some of those abusive practices by credit card companies. well, the help is almost on the way. to help us this morning, financial analyst clyde is here with us. >> good morning. >> i'm all right. we're going to be doing a whole lot better when this thing goes into effect. the card act. remind people what this was when the president signed it, last year. >> last year in may, the card act was th...

You want to call it. study it a little better. two super cool inventions. i posted information for you on my facebook page that you can see. face baboo facebook.com/joshlevd scnn. >> it's odd. most people can't drive well. now they have to be a pilot. i've got to worry about this guy making lefts and rights and worry about hits flying? >> that's how we feel. some day our kids are going to think we are so old and ancient for having mess worries. 30 years from now, probably normal to be a driver and pilot. >> $134,000 is actually keeper than a lot of cars. lamborghini costs you more than that an...

>> this was millions of income for them. besides that variable rate things. we probably need to watch for other fees coming because they're going to make the money. >> not everybody is a profitable customer. they're cutting your limit. maybe you had a $5,000 limit. they don't have to give you notice. if you have a $2500 balance, now you're credit card is going to be hurt drastically because they cut your limit or cut the card off because you're not making them money. read the fine print. don't think anything that you get is junk mail. >> clyde, full of good information. again, it goes into eff...