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Feds seek $200 million restitution for credit card “fee harvesting”

June 11, 2008 | alternatives | Comments (0)

A two-year joint investigation by the FDIC and FTC has led to a crackdown on a practice called “fee harvesting.”  This comes on top of the Federal Reserves crackdown on “unfair and deceptive” practices by credit card issuers.  Read the story here.

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