US Federal Regulators to Crackdown on Credit Card Issuer Practices
Damian Paletta writes for the Wall St. Journal that "the Federal Reserve and two other regulators [OTS and NCUA] plan to propose strict policies on credit-card issuers after criticism that card companies charge too many hidden fees and unfairly raise interest rates on borrowers." He says the plan is expected to be introduced by the Fed at a meeting this Friday.
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