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March 13, 2008 Archives
The "Credit Cardholders Bill of Rights" bill got a first hearing in the House Thursday, and it doesn't bode well for an industry that says it needs no additional oversight to have the overseers recount personal tales of how they got stiffed by their credit card issuer.
Watch out, credit card users: A new scam has been reported. It's not uncommon for unusual charges to appear on one's credit statement -- identity theft happens all the time. What's not common is for many people to have the same mysterious charge.
A congressional hearing today look at establishing a "credit cardholders' bill of rights," but a look at the lobbying expenses shows there's a lot of talk on one side, a lot of money on the other.
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