OK, the feds are “trying” to be responsible by reigning in the abusive credit card practices. Two different papers reported that 7 new reforms are proposed.
The New York Times
Federal bank regulators on Friday proposed a new set of rules to make it more difficult for credit card companies to raise rates arbitrarily, conceal high [...]
Entries Tagged as 'Reform'
Regulators Propose Changes to Credit Card Practices
May 3rd, 2008 · No Comments · Credit Cards
Tags: Abusive Practices·Banking Industry·Credit Cards·Federal Reserve·Reform
Credit Card Reform!
February 20th, 2008 · No Comments · Credit Cards
Maybe (ha!) this will actually get passed. We need a comprehensive reform on credit cards.
http://www.house.gov/apps/list/press/hi01_abercrombie/pr08credit_card_bill_of_rights.shtml
Tags: Credit card·New Legislation·Reform
