With the $700 Billion financial bailout plan in the works this week, lawmakers in the U.S. House of Representatives are also trying to pass legislation that would restrict credit card issuers from imposing suprise interest rate increases. The Credit Cardholders' Bill of Rights Act would require financial companies to give consumers 45 day notice on changes to their interest rate, as well as extend the billing statement date from a minimum of 14 days to 25 days.
On Tuesday, the legislation...
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