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New credit card rules good news for consumers

Starting today, credit card companies in most cases can't charge more than $25 for late payments. New rules could also mean lower interest rates for consumers.

 

Credit card legislation nearing success

Legislation to rein in credit card practices and eliminate sudden rate hikes and late fees that have entangled millions of American consumers is getting closer to becoming law, bolstered by presidential pressure and the backdrop of economic calamity.

 

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