US Credit Card Issuers Take Another Hit in Congress
In an article titled "In House, a Bid to Hasten a Credit Card Law", Reuters (via the New York Times) reports that Representative Barney Frank, Democrat of Massachusetts and Chairman of the House Committee on Financial Services believes that "recent actions by credit card issuers prove that lawmakers should move up the date of new restrictions on interest rates and fees." Frank's committee held a hearing on the matter earlier today in Washington - along with a look at credit card interchange fees.
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