The ink on the Credit Card Accounting Responsibility and Disclosure Act of 2009 isn't even dry, and yet there has already been a wave of articles warning consumers about the "new traps" — predatory practices, hidden fees and variable interest rates.

If their concerns are legitimate, it creates a strange paradox: financial institutions are spending millions of dollars trying to convince their customers and prospects that they are responsible, caring and trustworthy while they allegedly devise strategies to generate additional revenues from their customers with stealth fees buried in the fine print of their credit card contracts.

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