Republicans Block Dodd’s Effort to Freeze Credit Card Rates

Dodd went to the Senate floor to ask for consent for the Senate to take up and pass his Credit Card Rate Freeze Act, which would prevent credit card companies from hiking interest rates, fees and finance charges on customers existing balances until Credit CARD Act protections take effect in February. GOB Blocked it.

Tagged with: Act • Credit Card Companies • Credit Card Rate • Credit Card Rates • Dodd • Finance Charges • Gob • Hiking • Interest Rates • Rate Freeze • Republicans • Senate Floor

Filed under: Credit

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