Monday, July 30, 2007

House lawmaker to offer credit card bill

(Reuters) - "Consumers are concerned about interest rates and fees and not knowing anything about it," said Carolyn Maloney, a New York Democrat who chairs the House of Representatives subcommittee on financial institutions and consumer credit.




After a two-hour meeting with credit card issuers and consumer group advocates, Maloney told reporters her congressional office also plans to propose this week a set of best practices for those companies. She did not provide specifics on them or on the legislation.


Read more at Reuters.com Bonds News

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