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Council of Better Business Bureaus
Federal Regulations for Credit Cards Clear First Hurdle
February 26, 2010

The House Services Committee is making progress on establishing a federal agency to regulate financial services. That means banks and credit card companies will act while they can.

Interest rates have risen, annual fees imposed, and minimum payments have been increased, all to  fill the revenue gap caused by growing delinquencies and record defaults, according to KOMO News.

To read the full article at KOMO, click here