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Archive Home > 2008 > May > 03 > Fed proposes sweeping change to credit card rules

Fed proposes sweeping change to credit card rules

By Rob Hotakainen / The Bulletin
May 3, 2008

WASHINGTON — The Federal Reserve Board moved Friday to place new regulations on the nation’s credit card industry that would make it more difficult for lenders to raise interest rates and give consumers more time to pay their bills.

If enacted, the regulations would be the....

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