Tag: Consumers
Fed Approves Crackdown on Unfair Credit Cards
The Federal Reserve is taking steps to crack down on “unfair and deceptive” credit card industry practices that have added to the financial woes of millions of people trying to cope with the economic downturn. The Fed on Friday gave approval to proposed rules that would target credit card companies that arbitrarily raise interest rates [...]
Posted: May 2nd, 2008 under Credit Cards, Federal Reserve, Personal Finance.
Tags: Adequate Time, Banking Industry, Borrowers, Consumer Choice, Consumers, Crack, Crackdown, Credit Card Companies, Credit Card Industry, Credit Cards, Economic Downturn, Federal Reserve, Financial Woes, Industry Practices, Interest Rates, Lawmakers, Proposals, Taking Steps, Target
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