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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.

 

Obama attacks credit card 'abuse'

Obama attacks credit card 'abuse'

President Barack Obama tells US credit card firms to scrap unfair interest rates and be fairer to customers.

 

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