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Obama Signs Credit Card Reforms
U.S. President Barak Obama has signed sweeping credit card reforms into law. The reforms are designed to protect cardholders from certain interest rate hikes, unfair fees, issuing, and billing practices, and generally require greater transparency and accountability from card issuers. While most consumer rights groups applaud the reforms as long overdue restrictions on deceptive and predatory practices, some serious points of concern were raised this week in the econo-blogosphere. Continue reading
Posted in Credit Card
Tagged Credit Card, Credit Card Debt, Credit Card interest rate, Credit Card Reforms
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