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Tag Archives: Congress

Credit Cardholders’ Bill of Rights introduced in U.S. House and Senate

Last week, bills to protect credit card users and to regulate credit card issuers were introduced in both chambers of Congress.
The bills were introduced by Rep. Carolyn Maloney (D-NY) in the House and by Sens. Charles Schumer (D-NY) and Mark Udall (D-CO) in the Senate.
Some of the main provisions would:

Prevent arbitrary interest rate increases. Issuers [...]