Feb
29
2008

Credit Card Crackdown

by Admin posted in Consumer News {Post a comment}

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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.

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