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Commercial News
11/5/2009 8:38:32 AM EST
UCC, Commercial Contracts & Business LC Staff
House votes to accelerate credit card rules
WASHINGTON – (AP) The House voted on Wednesday to impose immediately tough new rules for credit card companies after voters complained of increased interest rates and steep new fees.
 
The bill, approved 331-92, would accelerate the enactment date of legislation passed this spring that limits when and how banks can charge borrowers. Full version (available to lexis.com subscribers)

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