Senate refuses to cap credit card interest rates at 15%

Courtesy Digg - Business & Finance  Thu, 05/14/2009 - 09:50

Never mind that credit union interest rates are capped at 15 percent already. The effort by Senator Bernie Sanders, the Vermont independent, drew only 33 votes and needed 60.

One-third of all credit card holders are paying interest above 20 percent and as high as 41 percent, but the banks own the Senate.

Tags:

 

Related items

Credit vs. Debit: Use Through the Years (PIC)
While a lack of credit card interest rates might be a nice change of pace, debit cards come with their own set of risks. The following graphic weighs the risks of both and details card usage...

Credit card interest rates waver in past week
Credit card interest rates wavered in the past week, with the lowest rates holding steady while some higher rates dipped.

Senate Must Stop Obama Internet Takeover
Today, the Obama administration officially published the Federal Communications Commission so-called net neutrality rules in the Federal Register.

Panasonic Dect 6.0 Expandable Silver Digital Cordless...
DECT 6.0 TECHNOLOGY EXPANDABLE UP TO 6 HANDSETS ALL DIGITAL ANSWERING SYSTEM WHITE BACKLIT LCD ON HANDSET CALL WAITING CALLER ID WITH TALKING CALLER ID UP TO 4-WAY CONFERENCE CAPABILITY NIGHT...

Wireless Headset W Adapter for Cordless Telephones
Sound like the Pro you are with the Plantronics CS55H Home Edition Wireless Headset System. It combines the clarity of traditional corded technology with the hands-free mobility of wireless...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com