Thursday, May 21, 2009

House approves credit card measure

"The House gave final approval Wednesday to a bill that would prohibit credit card companies from arbitrarily raising interest rates on existing balances and charging certain fees.

With a 361-64 vote, the House ensured that President Obama would be able to sign the bill into law by Memorial Day, as he requested."

For more on what this bill means to you, click here.

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