14 Dec 2008
Banks and consumers brace for new credit card rules

About damn time they got this stuff back in line: the "universal default" trick was especially obnoxious, and pretty obviously against anything resembling principles of common law (not to mention common decency).

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.

(link) [Yahoo! News: Top Stories]

09:07 /Politics | 0 comments | permanent link