Rocky Road for Credit Card Bill

Quicklink submitted by Laudyms     Permalink
Related Topic(s): ; ; ; ; , Add Tags

View Ratings | Rate It

opednews.com


At www.washingtonindependent.com

House Democrats are pushing legislation- the Credit Cardholders' Bill of Rights, sponsored by Rep. Carolyn Maloney (D-N.Y.)-that would force card companies to disclose looming rate increases, eliminate confusing fees and cease the retroactive application of hiked rates to existing balances. Republicans, siding with the banks, prefer to leave the task of reform to federal regulators, who are crafting new rules for the industry.

Read the rest of the story HERE:

At www.washingtonindependent.com


 

Comments

The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments