Congress Considers Limits On Credit Card Fee Reasons

Summary


WASHINGTON - Democrats in Congress are taking a swipe at credit card issuers and their increasingly creative reasons for raising fees on strapped consumers, sparking a well-financed duel over how to crack down on alleged abuses.

"Right before this [Easter] break coming up I thought it was a good time to try to deal with it, get it done," said Senate Banking Committee Chairman Christopher Dodd, D-Conn.

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Extract


Congress Considers Limits On Credit Card Fee Reasons

His panel led the way Tuesday by narrowly vo...

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