Credit Card Rules, Fees | featured news

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.

 

U.S. credit card bill advances on eve of Obama meet

U.S. credit card bill advances on eve of Obama meet

Legislation to curb credit card fees and limit consumer penalties cleared a congressional panel on Wednesday, a day ahead of a meeting between industry executives and President Barack Obama at the White House.

 

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