Credit Card Legislation Nearing Success

Legislation to rein in credit card practices and eliminate sudden rate hikes and late fees that have entangled millions of American consumers is getting closer to becoming law, bolstered by presidential pressure and the backdrop of economic calamity.

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BING NEWS:
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  • In our opinion: How will your current credit card debt impact your future?
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  • Right-Wing's Pelosi Smear Ignores Historic Credit Card Reform Passed Under Her Watch
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  • Health warning timely
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  • Congress' Credit Limit
    consumer groups charge that the legislation is riddled with loopholes for heavyweight banks. Credit card debt in the United States now totals more than $960 billion, with default rates nearing 10 percent for some lenders. Many of the biggest credit card ...
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