Lawmakers Seek to Rein in Credit Fees, Predatory Loans

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00025539-lawmakers-seek-to-rein-in-credit-fees-pre/

By Andrea Coombes, MarketWatch

From predatory lending to rising credit-card fees, U.S. consumers face a potential minefield whenever they initiate a financial transaction.

But some on Capitol Hill are hoping to make the path safer and less expensive, introducing a triptych of consumer-protection bills that address a variety of issues.

One bill targets the often-hidden tactics employed by credit-card issuers, another seeks to rein in banks’ “bounce protection” products and a third focuses on predatory lending. The three bills were introduced in the House Financial Services Committee last week.

For this complete story, please visit Lawmakers Seek to Rein in Credit Fees, Predatory Loans.

Lawmakers Seek to Rein in Credit Fees, Predatory Loans

Unknown Author

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