Charge Into Reform of Credit Card Fees

Summary


WHILE he gets most of his attention as one of the chief critics of the conduct of the war in Iraq, U.S. Sen. Carl Levin is plunging into a domestic issue of enormous impact for Americans: abusive practices by credit card companies.

Dissatisfied with the industry's response to the disturbing findings of a Government Accountability Office investigation of credit card practices that he ordered last year, Michigan Democrat Levin began holding hearings in Washington this week on credit card fees, interest rates and grace periods, with an eye on federal legislation if credit card issuers don't stop taking unfair advantage of consumers.

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Charge Into Reform of Credit Card Fees

True, no one forces you to use plastic i...

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