Saviors Of Earth

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Tina W's Blog – December 2008 Archive (1)

Banks and consumers brace for new credit card rules

FYI... Looks like things are starting to come together..





WASHINGTON (Reuters) - The U.S. credit card industry, harshly criticized for imposing surprise fees and interest rate hikes on consumers, may face a day of reckoning on Thursday..



The Federal Reserve is to vote on credit card reforms that may bring some relief to customers who face a variety of ways for being hit with late fees, universal defaults, shorter payment periods and confusing payment allocations for… Continue

Added by Tina W on December 15, 2008 at 10:14am — No Comments

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