Sunday, July 6, 2008

US credit card industry overhaul appears likely

(WASHINGTON) Consumer advocates say regulation of the US credit card industry has long been without teeth. But as card holders struggle under the weight of big balances, high interest rates and fees, their pleas to lawmakers for help may well mean that the industry will face some significant regulation by early next year.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,286650,00.html?

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