December 13, 2007
Duly Noted

Rising rates raise eyebrows

A Congressionial hearing on credit card rates is set for December 11. A panel led by Sen. Carl Levin (D-MI) and Sen. Norm Coleman (R-MN) has asked executives from Discover, Bank of America and Capital One Financial to testify on why they raise customers' interest rates when those customers have a solid payment history.

From the December 2007 Issue of Direct Marketing News »

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