How Will US Credit Card Issuers React to New Legislation?
Andrew Martin writes for the New York Times about how industry experts see US credit card issuers reacting to legislation likely to be approved shortly that would curtail certain fees and practices. One industry spokesman says "it will be a different business." Others see "transactors" (those who pay off their credit card bills in full each month) as losing some of their current benefits - and, perhaps, having to start paying new annual fees, etc.
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