Because we let them
Now that they've bought and paid for new bankruptcy restrictions, the credit card companies are sending out new and more austere regulations. I received mine yesterday.
You'll find an increase in late charges, shorter grace times, and new conditions under which they can charge higher interest.
When you receive these notices pay attention to the changes. A short period of hardship can result in their total ownership of your life and property.
They can have their way with us because we let them. If you can get by without them, it's time to cancel your cards. If you can't do it now, it's time to make plans to get out from under their control.