AltWeeklies Wire » News » Economy

Federal Regulators Crack Down on Egregious Credit Card Industry Practices

By Ken Reibel
Shepherd Express | May 23, 2008
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.
View Full Story at Shepherd Express
Tags: interest rates, consumers, credit cards, Economic Issues, unfair practices

Shepherd Express

During a time when most of the country’s prominent alternative weekly newspapers have been consolidated and streamlined by corporations, the Shepherd Express has beat the odds, remaining locally owned. The paper has emerged from its unlikely beginning as a satirical...
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