Sunday, March 29, 2009

U.S. Senate panel to draft credit card bill

U.S. Senate panel to draft credit card bill; Reuters

Key congressional panels are set to meet next week to discuss credit card legislation aimed at cleaning up unfair and deceptive practices that have slapped consumers with unexpected fees and rate hikes.

The U.S. Senate Banking Committee will meet on March 31 to consider pro-consumer credit card legislation, sources with direct knowledge of the plan told Reuters on Thursday.

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