Tuesday, February 22, 2011

Fewer credit card rate hikes after regulations (AP)

FILE - In this Jan. 18, 2011 file photo, four major credit cards advertise at a restaurant in Millbrae, Calif. year after sweeping credit card regulations upended the industry, banks are showering perks and rewards on big spenders with sterling credit scores. And they're socking customers with spottier histories with higher interest rates, lower credit limits and new annual fees. In some cases the riskiest customers are being dropped altogether. (AP Photo/Paul Sakuma, File)AP - Credit card holders are facing fewer interest rate hikes and forking over sharply less in late fees.


Source: http://us.rd.yahoo.com/dailynews/rss/topstories/*http://news.yahoo.com/s/ap/20110222/ap_on_re_us/us_credit_cards_the_impact

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