Foundation for Economic Education
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Banks Move to Beat Deadline for New Credit-Card Limits
Posted By Sheldon Richman
“Credit card companies are raising interest rates and fees seven months before new rules go into effect that will limit their ability to do so, much to the irritation of Congress and consumer advocates.” (Washington Post [1], Thursday)
Is anyone surprised?
FEE Timely Classic
“On Usury Laws” [2] by William Cullen Bryant
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/banks-move-beat-deadline-creditcard-limits/
URLs in this post:
[1] Washington Post: http://www.washingtonpost.com/wp-dyn/content/article/2009/07/01/AR2009070103868.html?hpid=moreheadlines
[2] “On Usury Laws”: http://www.thefreemanonline.org/columns/on-usury-laws/
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