Maloney bill targets credit card abuses
New legislation introduced today by House Financial Institutions and Consumer Credit Subcommittee Chairwoman Rep. Carolyn Maloney (D-NY) and Financial Services Committee Chairman Barney Frank (D-MA) curbs some of the most abusive credit card lending practices, consumer groups said. "This legislation is an important step forward in eliminating the worst credit card tricks and traps that sap billions of dollars from...