The Bankwatch

Tracking the consumer evolution of financial services

Congressional Hearing on Credit Card Fees & Practices

Canadian Banks are under government fire for ATM fees.  Now US Banks are getting pressure on credit card fees. 

The U.S. Senate Permanent Subcommittee on Investigations, chaired by Carl Levin (D-MI), has scheduled a hearing for Wednesday, March 7, 2007, on “Credit Card Practices: Fees, Interest Rates, and Grace Periods”.

Source: Banking Law Prof Blog: Congressional Hearing on Credit Card Fees & Practices


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Written by Colin Henderson

March 6, 2007 at 20:42

Posted in Profitability

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