The Brewing Credit-Card Storm

 

Regulators plan to limit rate hikes and curtail fees. But do reforms go far enough?
by Jessica Silver-Greenberg
Credit-card issuers, already reeling from a weak economy, may take another financial hit if regulators have their way. In early May the Federal Reserve Board unveiled a proposal that would limit interest rate hikes, abolish certain fees, and modify controversial billing practices-targeting what officials consider to be abuses. But such regulations would likely erode profits…..

 

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