Credit Card Crackdown

The Federal Reserve this spring plans to propose new rules cracking down on potentially unfair and deceptive lending practices in the credit card industry.

The Fed last year proposed rules requiring financial firms offering credit cards and other types of open-ended credit to give consumers more straightforward information about loan terms and 45 days notice before raising rates.

Related Posts with Thumbnails

Post to Twitter


Disclosure Policy
stumble it!

Comments

Name (required)

Email (required)

Website

Speak your mind

Technorati Profile