Tyna Carter, burdened with $25,000 in credit card debt, did not want to be a deadbeat. After looking for help on the Internet, Mrs. Carter, a West Virginia homemaker, wound up in the hands of a sweet-talking “credit specialist” from Texas. He claimed his company, Credit Solutions of America, could set her on the road [...]
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Tag Archive: interest
Congress Considers Plan to Limit Credit-Card Rates & Fees
According to Jeff Plungis of Bloomberg.com A U.S. House Financial Services subcommittee began considering a measure to curtail how lenders such as Bank of America Corp. and Citigroup Inc. set credit-card interest rates and charge customer fees. Under the credit-card “bill of rights,” sponsored by Representative Carolyn Maloney, a New York Democrat, consumers would be [...]