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msnbc.msn.com - 5/22/2009
Obama set to OK new credit  card rules
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New rules for the credit card industry that are designed to protect consumers from surprise charges, such as over-the-limit fees and costs for paying a bill by phone, are part of a bill President Barack Obama is set to sign into law.
Credit Card Industry Aims to Profit From Sterling Payers
nytimes.com - 5/19/2009
Credit Card Industry Aims to Profit From Sterling Payers
— nytimes.com — Credit cards have long been a very good deal for people who pay their bills on time... and in full. Even as card companies imposed punitive fees and penalties on those late with their payments, the best customers racked up cash-back rewards, ... (more) Credit Card Industry Aims to Profit From Sterling Payers
Comments vote down Calculated Risk found this 5/19/2009found this
online.wsj.com - 5/22/2009
Obama Signs Credit-Card Overhaul Legislation Into Law
— online.wsj.com — HENRY J. PULIZZI WASHINGTON -- President Barack Obama put his signature on legislation Friday clamping down on... credit-card companies' ability to boost interest rates and slap higher fees on consumers, a measure long-sought by the White House but ... (more) Obama Signs Credit-Card Overhaul Legislation Into Law

Comments vote down Viking Pundit found this 5/22/2009found this
GOOD CREDIT FOR CONGRESS, BAD CREDIT FOR CREDIT CARD COMPANIES (video)
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youtube.com - 5/24/2009
GOOD CREDIT FOR CONGRESS, BAD CREDIT FOR CREDIT CARD COMPANIES (video)
— youtube.com — GOOD CREDIT FOR CONGRESS, BAD CREDIT FOR CREDIT CARD COMPANIES... (more) GOOD CREDIT FOR CONGRESS, BAD CREDIT FOR CREDIT CARD ...
Comments vote down News found this 5/24/2009found this

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Political Animal:  Credit card reform

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Credit card reform
Political Animal — ... . Perhaps most important, companies can't increase interest rates on existing balances until consumers are more than 60 days behind on payment. Peter Garuccio, a spokesman for the American Bankers Association, ...

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Paying for other people’s bad credit card habits.
moelane.com 5/19/2009 — Bluntly? Somebody else can do that. I’m not interested. Credit Card Industry Aims to Profit From Sterling Payers Credit cards have long been a very good deal for people who pay their bills on time and in full. Even as card companies imposed ...
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