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Fri, Nov 13, 2009 -- 9:00 AM
Credit Card Reform
Senator Christopher Dodd, chair of the Senate Banking Committee, introduced legislation this week to freeze credit card interest rates. The move follows consumer complaints of rapid rate hikes in advance of new federal limits that go into effect next February. Thursday, the Federal Reserve approved a new rule protecting debit card users from excessive overdraft charges. What does the new credit card landscape mean for consumers?
Host: Dave Iverson
Guests:
- Gail Hillebrand, financial services campaign manager and senior attorney at the West Coast Office of Consumers Union, publisher of Consumer Reports magazine
- Nessa Feddis, vice president and senior counsel for the American Bankers Association
- Nick Bourke, manager of the Safe Credit Cards Project at the Pew Charitable Trust
