Possible Reforms for Credit Card Industry
Posted on August 21st, 2008 by Sonya Smith-Valentine, Valentine Legal Group
The Federal Reserve and Congress are both working on tightening the rules on credit card companies. Stricter regulation will probably be approved by the end of the year. Some of the rules being considered by the Federal Reserve include: (1) specifying when credit card companies can raise interest rates on existing balances, (2) prohibiting late […]
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Filed under: Credit Cards