Government Information

Earl Gregg Swem Library

Vicious Cycle: How Unfair Credit Card Practices are Squeezing Consumers and Undermining the Recovery

Categories: Consumer Info/Protection,Financial Crisis/Markets

http://jec.senate.gov/index.cfm?Fuseaction=Files.View&FileStore_id=42840b23-fed8-447b-a029-e977c0a25544

Describes unfair credit card practices such as as retroactive rate increases on existing balances and the need for legislation that would outlaw such practices to promote economic recovery. From the Joint Economic Committee.