State Seeks Rollback On Credit Card Interest, Fees

Summary


By Cara Baruzzi Register Business Editor

Claiming credit card companies are raising consumers' interest rates and fees before the CARD Act takes effect in February, state Attorney General Richard Blumenthal Wednesday asked the chairman of the Federal Reserve to intervene and roll back certain increases.

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Extract


State Seeks Rollback On Credit Card Interest, Fees

The Credit Card Accountability, Responsibility and Disclosure Act -- known as the CARD Act -- will impose new, st...

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