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Credit Card Policies Unfair? Tell the Fed.

by Smithee on July 8, 2008

in Credit

The Federal Reserve Bank issued a proposal this past May to:

prohibit unfair practices regarding credit cards and overdraft services that would, among other provisions, protect consumers from unexpected increases in the rate charged on pre-existing credit card balances

For a limited time, you can add your opinion to this proposal (scroll down and click “Submit Comment” below Regulation AA). You can also look through the existing comments — all 10,000 of them — if you’re feeling bored.

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