interest rate hikes

South Korea's monthly inflation rate rose to its highest level in three years in August as price gains accelerate despite a series of interest rate hikes and slowing economic growth.

China's inflation rose again in March despite government efforts to cool politically sensitive living costs, fueling expectations of more interest rate hikes and other steps to rein in rapid economic growth.

Gainers

• iShares MSCI Brazil Index (NYSE: EWZ) up 1.02% to $70.54. After opening lower, Brazilian shares shaking off GDP data in the U.S. and continuing higher today after their central bank said that it would be curbing their cycle of interest rate hikes.
• SPDR Gold Shares (NYSE: GLD) up 0.61% to $114.99.
  
  Gaining today from sour GDP data. A sagging U.S, dollar, and attractive prices, is having investors make a push for gold today, after GDP data came in short of views.

As the victims of sudden interest rate hikes, strict enforcement of overdraft fees, due date roulette, reduced credit limits and universal default, bank customers are mad as hell and they aren't gonna take it anymore.

In anticipation of credit card reform, here's how they striking back.

If credit cardholders feel worse off since the passage of the law designed to protect them from banks, that's because they are.

An avalanche of new fees, interest rate hikes and other costly changes since the law was signed in May suggest the Credit Card Accountability, Responsibility and Disclosure Act, or the CARD Act, has backfired.

President Barack Obama is continuing to press for legislation to protect consumers by ending some credit card industry practices deemed abusive, such as sudden interest rate hikes and late fees.