Credit Card industry on the ropes but no KO yet

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A glum army of credit card-banking industry lobbyists looked on as both houses of Congress acted to pass tougher legislation regarding credit cards. Some of the crooked and corrupt practices that have been addressed are the raising of interest rates without warning, the marketing of credit cards to younger people, charging high fees for being a day or two late, jacking up interest rates because of unrelated bills and &c.

Written by Jason Gooljar

April 7th, 2009 at 10:52 pm

Posted in Corporatism

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