Today's New York Times Editorial: The Credit Card Trap
In an editorial in today's edition, the New York Times argues that Senator Chris Dodds should press on to pass his pending legislation that would accelerate and strengthen changes to the practices of credit card issuers that were originally issued last December for mid-2010 adoption by the Federal Reserve. The editorial concludes: "The Federal Reserve regulations are useful, but consumers should not have to wait for real help until 2010."
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