These credit rules are just the latest in a long line of our government feeling the need to protect consumers from their own ignorance and stupidity.

I'll be the first to admit credit card rules and fees are difficult to understand. But consumers should be smart enough to know this, and not get in situations where they spent more than they can afford on their cards and end up paying these fees.

Pay your bills on time and late fees aren't an issue. Don't charge more than you can afford to pay back at the end of the month and finance charges aren't an issue.

There's no need for additional government legislation around this. If the gov really wants to spend our taxpayer money wisely, spend it on education programs to teach people how to be smart with their money.