Other Credit Card Reform Proposals in Congress
The San Diego Union-Tribune has a list of a few other measures under consideration by Congress in its deliberations over credit card reform.
The measures include:
- Restrictions on marketing to college students and those under 21 years of age.
- 7 percent limit on penalty interest rate increases.
- Ban on fees for paying by phone or when using the internet.
Proposals previously covered here include the C.A.R.D. Act, the Federal Reserve proposal, and the Fair and Justifiable Credit Card Interest Rate Act.
