AltWeeklies Wire
Federal Regulators Crack Down on Egregious Credit Card Industry Practicesnew
Under proposed rules, card companies would have to give consumers more time to make payments before charging late fees. If a bill carries two different interest rates, card issuers would be barred from applying payments to the lower interest charge first. They also would be limited in raising the interest rate on an outstanding balance.
Shepherd Express |
Ken Reibel |
05-23-2008 |
Economy
