POLITICS

Credit Card Firms Back In Hot Seat

04/04/2009 05:12 am ET | Updated May 25, 2011

Longtime supporters of credit card reform have a new weapon in their rhetorical arsenal: the $700 billion Wall Street bailout.

"The big banks got billions of our tax dollars to rescue them from their own financial mess. Now they turn around and hit us with higher interest rates and fees on our credit cards," read a recent alert from the Consumers Union, the publisher of Consumer Reports.

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