sábado, 20 de diciembre de 2008

Crackdown on credit card practices OKd

The Federal Reserve Board, the Office of Thrift Supervision and the National Credit Union Administration approved regulations to rein in controversial credit card practices. These regs are expected to take effect by July 2010.

The new rules prohibit banks from certain practices like applying interest payments in ways that maximize penalties.

Link:
http://money.cnn.com/2008/12/18/pf/credit_card_rules/index.htm

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