Foundation for Economic Education
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Senators Take on Credit-Card Issuers over Fees
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An Ohio man whose $3,200 credit card debt mushroomed to $10,700 with interest and fees told his story Wednesday to senators who denounced the industry for confusing billing practices and shifting interest rates. (USA Today [1], Thursday)
Politics isn't the solution. Real competition is.
FEE Timely Classic
The Free Banking Alternative [2] by Donald R. Wells and L. S. Scruggs
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/senators-take-on-credit-card-issuers-over-fees/
URLs in this post:
[1] USA Today: http://www.usatoday.com/news/washington/2007-03-07-credit-hearing_N.htm
[2] The Free Banking Alternative: http://www.fee.org/publications/the-freeman/article.asp?aid=1605
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