Wednesday, December 26, 2007

Hearing airs credit card rate-change policies



Bank of America Card Services President Bruce L. Hammonds, center, waits to testify on Capitol Hill in Washington, Tuesday, Dec. 4, 2007, before the Senate Homeland Security and Governmental Affairs subcommittee hearing on credit card practices and interest rate increases. (AP Photos/Susan Walsh)Some credit card companies are raising interest rates on good customers even if they pay down their balances, on time, every month.




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