Credit card usury bill coming soon in House
November 30, 2009 Edited by Brahm Canzer
Filed under Part 5 Managing Technology and Information, Part 6 Managing Financial Resources
Description: Several congressional Democrats said on Wednesday they plan to introduce legislation next week to cap credit card interest rates.
Source: Reuters.com
Date: 11/25/2009
Link: http://www.reuters.com/article/politicsNews/idUSTRE5AO4ZO20091125
Questions for discussion:
- What the arguments for and against regulating credit card interest rates?
- Do you believe rates should be regulated? Explain your answer.
- What are the likely consequences of a more highly regulated credit card industry for the consumer and for the banks?
