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Banks relieved they can still charge usurious credit card rates. Reform banks can love. [View All]

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Home » Discuss » General Discussion: Presidency Donate to DU
flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-24-10 09:46 AM
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Banks relieved they can still charge usurious credit card rates. Reform banks can love.
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Edited on Mon May-24-10 09:49 AM by flpoljunkie
http://www.nytimes.com/2010/05/24/business/24reform.htm...

Still it could have been worse. The Senate rejected rules that would have broken up big banks considered "too big to fail," or imposed limits on their size. Caps on how much banks can charge credit card holders to borrow also fell by the wayside. And the wall between trading and commercial banks, which was torn down in 1999, will not be going back up.

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