Hi, my name is Peter Repak. I'm the owner of Clear Financial LLC, a debt negotiation company. Who regulates the credit card industry? If you ask me, they probably regulate themselves. But, of course, there is the Federal Trade Commission, who is watching out for them and watching over them so they kind of are being in line. The United States Congress, and some of your senators are watching out for it. But as far as regulation, the law, supposedly. However, the problem is with this that these companies try to get away with everything that they can. They are raising peoples minimum payments. They are changing peoples interest rates according to their rules. And, if you try to understand the fine print at what they have, it's absolutely mind-boggling how much people can't understand what they are writing. Again, who regulates them? The Federal Trade Commission. The United States government. Probably the Treasury, the United States Treasury, but, in my opinion, they're regulating themselves. They are really just not a really good friend of yours. To have a credit card in your pocket, it's probably one of the worst things that you can have if you don't know how to responsibly handle your debt. You can have a credit card for one reason only, so you can build your credit and have a credit score that is decent and is good. Other than that, stay away from it, because it's just going to hurt you. My name is Peter Repak, I'm the owner of Clear Financial LLC, a debt negotiation company. Thank you for watching.