Mass. Regulator Seeks Data on Card Fee Hikes

January 2010
American Banker;1/15/2010, Vol. 175 Issue F302, p2
Trade Publication
The article reports on Commonwealth Secretary William Galvin of Massachusetts' decision to ask securities dealers that issue credit cards for information on rate and fee increases which were imposed after the implementation of a federal credit card law. Galvin wants to determine why the firms did not comply with the Credit Card Accountability, Responsibility and Disclosure Act which was signed by U.S. President Barack Obama.


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