A Break for Credit Card Customers in Bankruptcy?
In tomorrow's Washington Post, V. Dion Haynes reports on today's Senate Judiciary subcommittee hearing that "heard debate on a measure that would wipe out credit card debt for people in bankruptcy." According to the article, "the [proposed] bill would apply to companies that raise rates higher than 15 percent plus the current yield on the 30-year Treasury bond. That combined rate currently is 18.5 percent."
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