Tuesday, February 17, 2009

Credit Card Reform

USA Today - Money 1B: Capital One, Citibank, and HSBC are raising interest rates and minimum payments as unemployment rises and more consumers truggle to pay their bills. "Consumers are trapped in a business model that is designed to induce mistakes and jack up fees," said Sen. Charles Schumer, D-NY. "This type of tripwire pricing is predatory and must end."

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