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There seems to be a growing interest in how CC 'agreements' are structured. As credit card companies have their attorneys scheming more and more legal gibberish into said 'contracts' to make their screwing more and more airtight, legally speaking. Even some members of congress i.e. Chris Dodd, are looking into these very predatory practices. There are rumblings of additions to FDPCA to curb these predators(like anythings gonna happen) from some of their new monkey bizzness(binding arbitration clauses, etc.) The reality is this fractional reserve shell game is a fraud from the start. Which would void all 'contracts' ab initio. But try to get that fly in a fraudulent courtroom with a fraudelunt bench warmer ruling over you. There is too much 'money' at stake to allow any of this to become a legal precedent. Debt collector bar memberships continuely lobby to make certain this sort of ruling will not stand. On the occasion that a judge somewhere does rule that the contract is a fraud or some other deception, there arises a howling from the bar. With other judges attempting to 'correct' their brothers ruling 'error'.
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