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President Obama has sent his request to Congress to create a new watchdog agency that will oversee consumer financial products like mortgages and credit cards, and a new law that tightens regulation of credit cards in particular is already in place, with some provisions kicking in as early as August. So you would think financial institutions might think about behaving themselves.
Citigroup Raises Rates On Some Credit Cards (NPR)
Credit card customers should check their interest rates. Britain's Financial Times reports that Citigroup has sharply increased rates on cards it issues with other stores. Sears for example. Citigroup says the adjustments are part of a "regular and ongoing process."
4 held for using fake credit cards (New Kerala)
Mangalore, Jul 1 : Police have arrested four persons related to prominent persons in the city, including NSUI District President, on the charges of using fake credit cards last year to purchase mobile phones worth Rs 1,02,654.
Citigroup raises rates on 15M credit cards (UPI)
NEW YORK, July 1 (UPI) -- Millions of U.S. consumers using Citigroup credit cards have had their interest rates hiked ahead of coming limits on such increases, Financial Times reports.
Austin police: Man steals purses from women at work, uses credit cards (CBS 42 Austin)
Austin police have caught a man accused of stealing purses and using credit cards illegally.
How 20 credit cards measure up (Everett Herald)
Shopping for a credit card? Bankrate.com just conducted a review of 20 cards from the top 10 issuers. Here are the key findings: n The average late fee typically ranged from a low of $20.70 to a high of $38.50.
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