New Credit Card Rules Have Banks, Consumers Bracing
Reuters:
The U.S. credit card industry, harshly criticized for imposing surprise fees and interest rate hikes on consumers, may face a day of reckoning on Thursday.
The Federal Reserve is to vote on credit card reforms that may bring some relief to customers who face a variety of ways for being hit with late fees, universal defaults, shorter payment periods and confusing payment allocations for different balances.







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First Posted: 12-13-08 08:05 PM | Updated: 01-13-09 05:12 AM