We agree with Barney Frank
May 7, 2009 | Wall Street Journal, alternatives, federal legislation, industry, media coverage | Comments (0)From today’s Wall Street Journal story on credit card reform:
The chairman of the House Financial Services Committee, Rep. Barney Frank (D., Mass.), said retroactive interest-rate increases are “outrageous” and should be banned. But he said it “would be a mistake” to put caps on interest rates -- as some senators want — or impose other restrictions on future interest rates for cards.
We’ll hold him to it!
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