Proposed Credit Card Reforms: Too Weak?
May 11th, 2008 | By Rob | Category: credit card debt
The Albany Times Union has an editorial here that declares that the credit card reforms proposed by the federal reserve are too weak. The substance of the argument is that (a) they’ve let them get away with too much in the past; (b) they’re making lots of money; and (c) they still can charge a high interest rate.
This is the second or third reference to the inadequacy of the proposed Federal Reserve credit card proposal that I have seen. What do you think - do current proposed reforms go far enough?
