maxed out

last night i watched the movie maxed out. i knew the credit situation in our country was bad however i did not realize that some of the reason is because of the pocket lining going on in washington. now sadly this didn't surprise me, which is a definite statement about our government. i am not sure how you can look at the fees we are getting charged now for late payments, even 24 hours late can garner you a 50.00 plus penalty, which can happen easily by the credit card company not processing your check in time! then there are the crippling interest rates oh yes, and let's not forget the habit of giving credit to people who have absolutely no way of paying it back. people are killing themselves over credit problems, this is insane. i do believe people are responsible for their own actions, but i also know that we are creating a society in which it is more difficult to afford everything and so sometimes people need credit to get through tough times, should they be so harshly penalized? i don't think so. i think when a sector of business is preying on people who can't afford it's services, and they know this, then there is something wrong. 

shouldn't credit card companies be forced to follow some kinds of regulations, some moderate late fee or a late fee after 3o days, not 24 hours? and shouldn't a requirement for credit be a pulse, the ability to sign your own name, no history of bankruptcy and some means to payback the debt?