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Credit cards spark debate over high interest and new tricks
Washington debates card charges as Rep. Annunzio blasts late mailing and average daily balance tactics. Victims like Robert Thomas and Fran Windisch describe 720 percent annual charges. Lawmakers seek reforms with hearings starting September 20 to curb gimmicks and protect consumers.
MENTIONED IN THIS ARTICLE
Washington
Robert Thomas
Las Vegas
Fran Windisch
West Hempstead
N.Y
Thomas
Wiredisch
Frank Annunzio
D-ll
House
Consumer Affairs Subcommittee
Annunzio
Windisch