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: CL&P BlogFed to Curb Credit Card Abuse
By Alan White
Here are the last two sentences of Chairman Bernanke's testimony in Congress yesterday:
"Separately, we are actively reviewing potentially unfair and deceptive practices by issuers of credit cards. Using the Board's authority under the Federal Trade Commission Act, we expect to issue proposed rules regarding these practices this spring."
This is (welcome) news to me.
Full post as published by CL&P Blog on February 28, 2008 (boomark / email).
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Will Repay $14 Million to Credit Card Customers
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allegedly failed to properly inform customers of Blue Cash credit card offer components.
Wegmans Food Market
alleging the retailer revealed too much information on their credit and debit card receipts, violating the FACTA law, and leaving customers open to identity theft
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