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Fed Would Limit Card Fees, Rate Hikes.

Publication: American Banker
Publication Date: 30-SEP-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Byline: Steven Sloan

A Federal Reserve Board proposal released Tuesday would clamp down on practices in the credit card industry by reining in fees, limiting card use by young borrowers and restricting rate increases.

The changes were mandated by the Credit Card Accountability, Responsibility and Disclosure Act signed into...

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