Credit cards

Monthly payments

Hi everyone, This is my first post to this blog and I have been paying close attention to the invaluable information everyone is posting. I have a question for anyone who knows.

Is it true that the gov’t mandated credit card companies to raise their minimum payments recently? My co-worker says that companies that used to charge two percent of the total balance will now start charging 4%. If that is the case, can anyone tell me how sucessful their were in renegotiating that.

I am one who has very small balances and I’ve been struggling with the monthly payments