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Credit card legislation moves toward Senate showdown

Kansas City : MO : USA | about 1 month ago  
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The House voted to move up the start date of a law that limits rate increases on existing credit-card balances, after lawmakers said banks are heaping finance charges on cash-strapped consumers. The 331-92 vote Wednesday moves up the implementation of many credit-card rule changes under legislation...
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  • News Source: The News Tribune | about 1 month ago
    The House voted Wednesday to impose immediately tough new rules for credit card companies after voters complained of increased interest rates and steep new fees. The bill, approved 331-92, would accelerate the enactment date of legislation passed...
  • News Source: Channel NewsAsia | about 1 month ago
    Amid complaints about credit card interest rate spikes and new fees, US lawmakers have voted overwhelmingly to speed up the implementation of sweeping new rules to guard against abusive practices. The House of Representatives approved the accelerated...
  • News Source: Kansas City Star | about 1 month ago
    The House voted to move up the start date of a law that limits rate increases on existing credit-card balances, after lawmakers said banks are heaping finance charges on cash-strapped consumers. The 331-92 vote Wednesday moves up the implementation...
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